Naira Adds 2.11% On Christmas Eve At Parallel Forex Market

Naira Sells For N575/$1 At Parallel Market

The Naira added 2.11% to exchange at N465 against the Dollar at the parallel forex market on Christmas eve, compared with N475/$ it traded the previous day.

The local currency also appreciated marginally at the Investor and Exporters (I&E) to N392/$ from the N392.15/$ recorded on Wednesday.

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The market turnover at the I&E forex window dipped by 16% to $98.47 million from $117.23 million on Wednesday as the country continues to struggle with the illiquidity of Dollars.

At the official market, the Naira was stable at N379/$.