Naira appreciates as CBN injects $297 million


The naira, yesterday, further appreciated in the  parallel market even as the Central Bank of Nigeria (CBN) injected $297 million into the interbank foreign exchange market.
Vanguard survey revealed that the parallel market exchange rate dropped yesterday to N365 per dollar from N366 per dollar on Wednesday. This translates to N1 appreciation for the naira. Thus the naira has appreciated by N5 against in the parallel market this week.
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