Naira Adds 1.39% Against Dollar at Spot FX market

The Naira jumped by 1.39% to the Dollar, on Wednesday, September 14, to close at N306.33 compared to a plunge of 0.86% recorded on Friday, September 9, when the Dollar traded at N310.64 at the interbank market or Spot FX market.

The performance of the Naira to the Dollar at the parallel market also strengthened, as N422 was exchanged for one Dollar compared with N424 it exchanged for on Friday.

The Naira to the Pounds Sterling and Euro maintained similar resilience as the Pounds was exchanged for N545 stronger than N550 it was sold for on Friday while the Euro was exchanged at N467 compared with Friday’s rate of N472.

Meanwhile, at the Central Bank of Nigeria, CBN, N305.5 was exchanged for one US Dollar compared with N305 it was exchanged for previously.

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