April 6, 2015

Naira set to rise further this week

Naira notes

The naira will rise further against the dollar on the parallel market this week, analysts and foreign exchange dealers have predicted.
The naira, which fell to a record high of 228 against the greenback before the election, rose to 210 on Friday.

However, the local currency traded within the 199-199.50 band on the official interbank market, where it has been stuck since February, after the Central Bank of Nigeria pegged the rate.

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