Nigeria’s Naira Gains 3.14% Against Dollar at Spot Market

The Nigerian Currency (Naira) appreciated by 3.14 percent at the spot FX market today to close at N310.24 against one US Dollar in contrast to a depreciation of 2.79 percent on Tuesday when it fell to N320.31.

At the parallel market, the Naira retained rates of N470/US$ but dropped further to N515 against the Euro from N510 while N585 was exchanged for one Pound Sterling from N575 it traded for previously.

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