The Naira on Thursday
appreciated against the dollar at the parallel market.
The Nigerian
currency rebounded barely 24 hours after the Central Bank of Nigeria injected
$195m into the foreign exchange market.
The Naira
closed at N366 to the dollar at the end of trading on Thursday afternoon at the
parallel market, three points stronger than N370 it closed on Wednesday.
The pound
sterling and the Euro traded at N465 and N410 respectively.
At the
Bureau De Change window, the Naira closed at N363 to the dollar, while the
pound sterling and the Euro closed at N463 and N410, respectively.
Trading at
the interbank market saw the naira closed at N305.90 to the dollar, while the
import and export rates closed at N368 to the dollar.
Traders at
the market said that the naira got a boost as the CBN intervened at the FOREX
market.
The
continued injection of liquidity into the FOREX market had sustained the naira
from further depreciation.
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