Nigeria: Naira Appreciates to N368/$ in Parallel Market

30 August 2017

The naira, yesterday, appreciated to N368 per dollar at the parallel market.

Vanguard survey showed that the parallel market exchange rate dropped to N368 per dollar from N370 per dollar on Monday. The rate had been stable at N370 per dollar since two weeks ago. Yesterday's appreciation was occasioned by reduced demand for dollars, following dollar sale to bureau de change by the Central Bank of Nigeria (CBN).

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