Naira appreciates to ₦1,660 per dollar on black market

ELIZABETH ADEGBESAN FROM VANGUARD 

The Naira today appreciated to N1,660 per dollar in the parallel market from N1,665 per dollar on Thursday.

Similarly, the Naira appreciated to N1,531 per dollar in the official foreign exchange market.

Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for Nigerian Foreign Exchange Market (NFEM) fell to N1,531 per dollar from N1,548 per dollar on Thursday, indicating N17 appreciation for the naira.