Naira appreciates against Dollar at the parallel market

The naira appreciated against the dollar at the parallel market yesterday as deposit money banks set up foreign exchange teller points for customers in line with the directive from the Central Bank of Nigeria.

The naira strengthened to 512 against the greenback at the parallel market from the 515/$1 at which it closed on Friday.

It, however, fell by 0.02 per cent to 411.50/$1 at the Investors and Exporters’ window, with a forex turnover of $121.08m, according to FMDQ Group.

cc Punch

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