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Naira regains strength against dollar

Writer's picture: AdminAdmin

The Naira regained strength against the dollar at the parallel market on Tuesday, closing at N398 to the dollar.

Naira appreciated from the N410 it posted at the segment on Friday

The Nigerian currency traded at N497 and N430 to the pound sterling and Euro, respectively, at the segment.

At the Bureau De Change (BDC), the dollar was sold at N362 to the dollar, while the pound and the Euro closed at N495 and N428, respectively.

Trading at the interbank saw the naira closing at N306 to the dollar.

Traders still expressed optimism that the naira might sustain its appreciation against the dollar as the CBN maintained its liquidity boost to all the segments of the market.

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