MARKET NEWS
Naira Gains At Both Official, Parallel Markets To N1,535, N1,700 - ARISE NEWS
Naira has strengthened to N1,700 in the parallel market, gaining N20, while official market rose to N1,535
The naira rebounded on Thursday, posting gains in both the official and parallel markets following three consecutive days of losses.
At the parallel market, the currency appreciated by 1.18 per cent, strengthening from N1,720 to N1,700, a gain of N20 in a single day.
In the official market, the naira recorded modest improvement. The average rate rose to N1,535.67, up from Wednesday’s N1,537.12, marking an appreciation of 0.09 per cent. The highest rate traded at the Nigerian Foreign Exchange Market (NFEM) was N1,550, while the lowest stood at N1,532.
Nume Ekeghe
