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Naira appreciates against Dollar at parallel market

Naira appreciates against Dollar at parallel market

- The Naira appreciated against Dollar and depreciated against Euro at parallel market

- The local currency, however, stayed unchanged against Pound

- The Naira closed at N363 to a Dollar, while the Pound and the Euro traded at N498 and N430, respectively

The Nigerian Naira on Monday, May 21, appreciated at the parallel exchange market sector after its steady appreciation was halted.

According to Legit.ng findings, it was gathered that the local currency gained one point against the greenback to close the day at N363/$1.

Also, the local currency maintained the N498 per Pound rate and slipped to N445 per Euro.

Naira appreciatesagainst Dollar at parallel market

Naira appreciates against Dollar

Legit.ng previously reported that the Naira on Friday, May 18, depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.

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The Nigerian currency lost one point to exchange at N363, weaker than N362 posted on Thursday, while the Pound Sterling and the Euro closed at N496 and N429, respectively.

At the Bureau De Change segment, the naira closed at N361.50 to the dollar, while it exchanged at N502 and N428 to the Pound Sterling and Euro, respectively.

Can 1 Naira ever become 1 US dollar again on the Forex market? - on Legit.ng TV.

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Source: Legit.ng

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