Friday, 14 October 2016

Naira strengthens to N468/$1 at parallel market


The Naira continued its appreciation at the parallel market today, October 12, as it climbed to N468 to the dollar from N470 to the dollar the previous day.

The local currency also strengthened to N570 from N590 against the British Pound Sterling, but crashed to N517 against the Euro from the N510 rate it was yesterday.

The recent growth of the Naira comes on the heels of the intervention of Travelex in the Bureau De Change (BDC) segment of the market.

No comments:

Post a Comment