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Naira regains strength against dollar

STREET NEWS

Naira regains strength against dollar

The Naira on Monday appreciated in opposition to the greenback on the parallel market. The Nigerian foreign money gained three factors to change at N388 to the greenback,naira

The Naira on Monday appreciated in opposition to the greenback on the parallel market.

The Nigerian foreign money gained three factors to change at N388 to the greenback, stronger than N391 it traded on Friday, whereas the pound sterling and the Euro closed at N495 and N425.

On the Bureau De Change (BDC) window, the Naira was bought at N362 to the greenback, whereas the pound sterling and the Euro closed at N495 and N423.

Buying and selling on the interbank market confirmed that the Naira closed at N305.7, whereas the pound sterling and the Euro closed at N453.18 and N386.28.

The renewed power might not be unconnected to the CBN liquidity increase on the overseas change market.

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