Naira appreciates slightly against Dollar at parallel market


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The local currency trades at N362, N500 and N445 against the Dollar, Pound Sterling and Euro respectively.
The recent appreciation of the Naira can be attributed to intervention of the CBN at the foreign exchange market
The Nigerian Naira has appreciated at the parallel exchange market sector after its steady appreciation was halted.
We made findings on Tuesday, February 20, it was gathered that the local currency gained one points against the greenback to close the day at N362/$1. Also, the local currency maintained the N500 per Pound rate and N445 per Euro it closed at on Monday, February 19. Naira maintains strength against Dollar at parallel market.
Source: Naij

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