The Naira yesterday
appreciated against the dollar in the parallel market and in the Investors
& Exporters window due to boost in dollar supply.
The Naira appreciated by N1 in the parallel market segment, as the parallel market exchange rate dropped to N366 per dollar yesterday from N367 per dollar on Thursday.
The appreciation was
attributable to dollar injection into the BDC segment by the Central Bank of
Nigeria (CBN). The apex bank yesterday sold $20,000 to each of the 3,145 BDCs
across the country, translating to $62.9 million supply boost.
No comments:
Post a Comment