The Naira plunged by 2.07 percent against the dollar on Friday, October 1 to close at N311.62 at the interbank or spot FX market.
Meanwhile, at the parallel market, the naira gains 3.5 percent to N470 against the dollar compared to Thursday’s rate of N487.
The local currency also firmed up to the British Pounds Sterling and Euro, to trade at N570 and N480 respectively, compared to Thursdays rates N590 and N510.
Meanwhile, MNI Business Sentiment in Nigeria decreased to 41.60 in September from 55.10 in August of 2016. MNI is the leading provider of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets.
Mni Business Sentiment in Nigeria averaged 60.13 from 2014 until 2016, reaching an all time high of 69.60 in December of 2014 and a record low of 41.60 in September of 2016. Mni Business Sentiment in Nigeria is reported by the MNI Deutsche Börse Group.
