Market News
Naira appreciates against dollar across official, black markets - DAILY POST
BY
The Naira bounced back from days of depreciation against the dollar to record gains across official and parallel foreign exchange markets on Wednesday for the first time this week.
The Central Bank of Nigeria’s foreign exchange data showed that the Naira firmed up to N1,534.83 on Wednesday from N1,537.09 traded on Tuesday.
This shows that the Naira strengthened by N2.26 against the dollar on a day-to-day basis.
Similarly, at the black market, the Naira gained N5 against the dollar to close at N1,565 on Wednesday, up from N1,570.
DAILY POST reports that on Monday and Tuesday this week, the naira depreciated against the dollar.
