Naira appreciates against dollar in forex market

Naira appreciates against dollar in forex market

DAILY POST

The naira appreciated against the US dollar at the parallel market on Tuesday.

A Bureau De Change Operator in Wuse Zone 4, Dayyabu Mistila, disclosed to DAILY POST that the naira traded at N1,205 per $1 on Tuesday.

‘We sold at N1,205 per $1 as of Tuesday, compared to N1,233 on Monday (Christmas Day). However, we buy at N1,195 per $1 on Tuesday,” he said.

The quoted figure showed that the country’s currency, the Naira, strengthened compared to the N1,233 to $1 it traded on Monday.

Meanwhile, on Tuesday, Naira traded around N1,181 to $1 on Binance, a P2P market and crypto platform.

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