Naira

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Naira strengthens against dollar at parallel market

The naira firmed against the dollar at the parallel market on Tuesday, closing at N398 to the dollar.The naira appreciated from the N410 it posted at the segment on Friday

It was traded at N497 and N430 to the pound sterling and Euro, respectively, at the segment.

Naira Watch: Naira depreciates to N407/$ as CBN releases $250m

The naira Wednesday depreciated to N407 per dollar yesterday in the parallel market even as the Central Bank of Nigeria (CBN) released additional $250 million on 7 to 30 day forwards for agriculture, airline, petroleum products and raw materials.

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