Good News: Naira Appreciates Against Dollar Today - See New Exchange Rate

The Naira on Thursday appreciated further against the dollar at the parallel market.
The Nigerian currency gained N9 to close trading at exchange rate of N335, from N344 it traded on Monday.

The Naira also appreciated against the Pound Sterling and the Euro as it traded at N450 and N356 respectively.

Meanwhile, the Naira also exchanged at N281.85 at the official interbank rate at the end of trading on Monday.

Traders at the market said that the consolidated appreciation of the Naira at the market reflected the impact of the flexible exchange rate.

They added that the new foreign exchange policy had the potential of frustrating the activities of currency hoarders and speculators.

NAN reports that the new forex regime which took effect on Monday had rejuvenated activities at the market.