The Naira on Monday strengthened against the dollar as the Bureau De Change operators (BDCs) await a circular from the Central Bank of Nigeria (CBN) on how to get supply from international oil companies.
After trading on Monday, the Naira firmed against the dollar by N6 or 2 percent each at the BDC segment of the foreign exchange (FX) market and the parallel market.
The local currency closed at N294/$ compared with N300/$ traded last week at the BDC segment of the FX market. It closed at N296/$ yesterday as against N302/$ on Thursday last week.
However, at the inter-bank FX market, it depreciated slightly in value against the greenback by N0.28k or 0.14 percent. It closed at N197.54k/$ on Monday from N197.26k/$ on Friday last week, according to data from FMDQ.
No comments :
Post a Comment