Naira Appreciates Against Dollar, Falls Slightly Against Pound Sterling

Naira Appreciates Against Dollar, Falls Slightly Against Pound Sterling
The Nigerian Naira on Tuesday, October 3, appreciated against the
American Dollar and Euro at the parallel market but crashed against
Pound.

google_ad_client = “ca-pub-7280443661563686”;
google_ad_slot = “8437454650”;
google_ad_width = 728;
google_ad_height = 90;

 

Findings revealed that the local currency has strengthened to N364
per US dollar as against the N365 rate it was on Monday, October 2.
The Naira also appreciated to N427 against the Euro from the previous rate of 430.

https://www.nigeriandailies.com.ng/

google_ad_client = “ca-pub-7280443661563686”;
google_ad_slot = “8437454650”;
google_ad_width = 728;
google_ad_height = 90;

The Central Bank of Nigeria (CBN) on Monday, September 25, 2017,
boosted the forex market by offering a total of $195 million in three
segments of the market.

In the wholesale Secondary Market Intervention Sales (SMIS), of the inter-bank Foreign Exchange.

google_ad_client = “ca-pub-7280443661563686”;
google_ad_slot = “8437454650”;
google_ad_width = 728;
google_ad_height = 90;

READ  Taribo West Tells Rohr Those to Involve in His World Cup Plans

Leave a Reply

Your email address will not be published. Required fields are marked *