Naira rises to N1,400/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,400 per dollar in the parallel market from N1,407 per dollar on Monday.
Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1,365 per dollar from N1,364 per dollar on Monday, indicating N1 depreciation for the naira.
Consequently, the margin between the parallel and official markets narrowed to N35 per dollar from N43 per dollar on Monday.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
