• Naira Bounces Back After Record Low At Parallel Market

    Naira Bounces Back After Record Low At Parallel Market

    The naira opened strong on Monday, recovering from last week’s record low of N425 per dollar at the parallel market.

    The interbank market also experienced a strengthening of the local currency from 315.25 on Friday to 310 to the dollar at about 11am in Lagos.

    As at 2pm, the naira was trading at 314.75 to the dollar at the interbank market.

    At the parallel market, the naira was trading at 422, 535 and 462 to the dollar, pound and Euro at the parallel […]