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Author Topic: Naira strenghtens further against dollar  (Read 1239 times)

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Offline mastercode

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Naira strenghtens further against dollar
« on: October 07, 2016, 01:26:00 AM »
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The Naira on Thursday, continued to appreciate against the dollar at the three major segments of the Forex market.


 At the interbank market, the naira firmed further against the dollar, gaining 3.53 points to close at N306.71, from N310.24 it posted on Wednesday.

 At the parallel market, the naira gained 2 points to close at N473 to a dollar from N475 posted on Wednesday; while it exchanged at N590 and N515 to the Pound Sterling and the Euro, respectively. Trading at the Bureau De Change (BDC) segment showed that the naira traded at N354, N585 and N515 to the dollar, Pound Sterling and the Euro, respectively.

Traders at the market said that the liquidity challenges at the market appeared to be easing, giving way to the sustained gains of the naira.

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