Naira gains strength at parallel market

Naira gains marginally against dollar

The naira on Wednesday firmed against the dollar at the parallel market.

Naira gains strength at parallel marketThe naira gained N1 on Wednesday afternoon as it traded for N225 against the dollar.

It had previously traded for N226 against the dollar.

In the same vein the naira also appreciated in value at the official interbank rate as it gained N0.02 to trade at N196.98 as against its previous value of N197.

Traders at the parallel market expressed the belief that the naira might experience further appreciation as the price of oil at the international market went up recently.

The News Agency of Nigeria reports that the price of oil has risen to 50.15 dollars at the international market. (NAN)

NNN.COM.NG is a portal where you can read latest Nigeria News from all Nigeria Newspapers such as such as Punch, Vangaurd, Daily Times, Thisday, Guardian, Nation, Leadership and more in one place. NNN aggregates Naija News and sort them according to their sources, category and relevance as a way of reducing the effort a news reader needs to put in to reading breaking news in Nigeria and across the world.