The Naira has continued
to appreciate against the dollar at the parallel market, the News Agency of
Nigeria (NAN) reports.
The
Nigerian currency on Tuesday afternoon traded at N420 (buying rate) and N430
(selling rate), while the Pound Sterling and the Euro closed at N530 and N450
respectively.
Trading on the floor of
the Bureau De Change (BDC) showed that the Naira closed at N400 to a dollar,
while the Pound Sterling and the Euro traded at N545 and N480 respectively.
The
Naira remained stable at the interbank market, exchanging at N307.50 to a
dollar.
Traders
at the market said that they were happy with the performance of the Naira at
the market, adding that it would lead to the fall in the prices of goods and
services nationwide.
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