24 January 2014

Nigeria: Naira Appreciates Against Dollar At Official Market, BDCs

The naira appreciated against the dollar at the official and parallel markets on Friday, the News Agency of Nigeria, NAN, reports.

The naira was traded at N155.24 at the official market on Friday from N155.70 that obtained last week and N169 to the dollar at the Bureau De Change (BDCs) from N170.

The currency has been N170 to the dollar at the black market since last week.

It, however, depreciated against the pound sterling at the official market, selling at N275 to the pound against N273 last week.

The naira also depreciated against the pound sterling at the BDCs, trading at N275 to the pound, a loss of N3 from the N272 it was offered at the BDCs last week.

The naira was also traded at N275 to the pound sterling at the black market on Friday.

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