Naira appreciates against Pound at parallel market

Naira appreciates against Pound at parallel market

- The Naira stayed strong against Dollar at parallel market

- The local currency, however, appreciated against Pound

- The Naira closed at N363 to a Dollar, N445 to Euro while the Pound traded at N513

The Nigerian Naira on Monday, April 23, retained its rate at the parallel market against Dollar.

According to NAIJ.com findings, the local currency maintained the same rates of N363 against Dollar, N445 to Euro but appreciated against Pound.

NAIJ.com previously reported that the Nigerian Naira on Monday, April 16, retained its strengthened rate at the parallel market against Dollar.

Naira appreciates against Pound at parallel market

Naira appreciates against Pound

According to NAIJ.com findings, the local currency maintained the same rates of N363 against Dollar, as it was last week, but slipped against Euro.

Last week the Central Bank of Nigeria (CBN) was mopping up naira liquidity to curb speculation on the currency, The Punch reports.

Can N1 ever become $1 again at Forex Market? Watch Nigerians respond to this question on NAIJ.com TV.

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Source: Naija.ng

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