Nigeria: Naira Appreciates Against Dollar Despite Dollar Scarcity

The Naira on Monday recorded a marginal gain against the dollar at the parallel market despite the scarcity of the greenback, The Nation reports.

The currency gained one point to exchange at N305 from N306 it exchanged previously. It remains unchanged at the official market, closing at N197 to the dollar.

Traders in the parallel market, however, noted that the naira had remained stable, exchanging between N305 and N306 to the dollar.Dollar-2

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