Naira Appreciates Against Dollar

By Mojisola Delano On Oct 31, 2016

The currency exchanged at N468 to the dollar as against N470 it traded on Friday.

The Pound Sterling and the Euro closed at N565 and 510, respectively.

At the interbank market, however, the naira depreciated against the dollar, eroding the gains of Friday in that segment. It shed N4.31 to close at N308.81from N304.50 posted on Friday.

Trading at the Bureau De Change (BDC) window showed that the currency closed at N385 to the dollar, while the Pound Sterling and the Euro traded at N564 and N504, respectively.

A BDC operator, Mr Abubakar Adamu, expressed optimism that the naira would appreciate further in the coming days.

Mojisola Delano 9300 posts 129 comments

Moji is a Lawyer, online media aficionado, communications strategist, and entrepreneur in her early 30’s. Her zest and energy to succeed coupled with her very strong interpersonal skills has seen her build her blog from just a passionate hobby to a strong platform for social influence and brand.

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