The naira on Friday
appreciated against the dollar at the interbank market, after sustaining losses
for two days.
The Nigerian currency gained N5.28 to close at N307.79 from
N313.07 posted on Thursday.
Trading at the bureau de change (BDC) segment of the market showed
that the naira exchanged at N433, N550 and N472 against the dollar, pound
sterling and the euro respectively.
At the parallel market, the Nigerian currency gained one point to
exchange at N435, while it closed at N560 and N475 against the pound sterling
and the euro respectively.
However, traders at the market are optimistic that the naira will
sustain gains at the market by next week as Travelex commences the sale of
forex to BDCs.
No comments:
Post a Comment