POSTREPORTERS gathered that the Naira appreciated slightly against the US dollar in the foreign market on Wednesday.
Data from FMDQ showed that the Naira recorded a gain to trade at N1418.78 per US dollar on Wednesday from N1,433.89 on Tuesday.……CONTINUE READING>>>>>>
This represents a 1.05 per cent or N15.11 gain compared to 1,433.89 recorded at the close of trading on Tuesday.
However, the Naira recorded a marginal loss at the parallel market, which traded at 1,420 per US on Wednesday from N1,420 on Tuesday.
The development means that Naira is back to how it started the week.
Recall that the Naira took a different outlook on the US Dollar at the Foreign Market amid the Central Bank of Nigeria’s sweeping policy interventions nearly two weeks ago.……CONTINUE READING>>>>>>
