Thursday 25 May 2017

Naira rebounds slightly at the parallel market

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The naira rebounded slightly to 380 per United States dollar on Wednesday on the back of sustained dollar injection by the Central Bank of Nigeria. 


The gain came two days after local unit deprecated to 381/dollar.
The local unit had also closed at 381/dollar last Friday, having closed at 380/dollar consecutively between last Tuesday and Thursday.

The naira closed at 305.45 to the dollar on the interbank market on Wednesday. It was quoted at 382 per dollar at a trading window for investors.


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