Naira Appreciates Against Dollar

The Naira on Monday appreciated to exchange at N260/dollar at the parallel market, compared with about N266 to a dollar it was before last week’s public holidays.

Most of the parallel market traders at the Murtala Mohammed International Airport and other areas around  Ikeja yesterday attributed this to an increase in supply of the greenback from autonomous market sources, especially from Nigerians abroad who visited the country for the yuletide.

The interbank official forex market which was shut down for the yuletide is expected to be re-opened on January 4, 2016.

Nigeria Bulletin

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