The Naira appreciated on Tuesday, October 11, at the parallel market, trading at N460/US$ compared to N467/US$ it traded for on Monday, October 1o.
The Nigerian currency gathered momentum in the new week trading between N460 and N465 to the dollar at the parallel market on Monday, October 10, even as it is expected to strengthen to N375.
The Naira/Euro rate at the parallel market remained unchanged at N515, while the Naira/Pound rate improved to N560 to one Pound Sterling from N570 to one Pound Sterling it was exchanged for on Monday.
Meanwhile, Nigerian currency closed flat at the interbank or spot FX market on Tuesday exchanging for N304.75 to one US dollar same as Monday’s closing rate.
