Market News
Naira on steady appreciation, gains N12.34 against dollar - THE NATION
The Naira further appreciated on Thursday, trading at N1,553.11 against the dollar in the official foreign exchange market.
Data from the Central Bank of Nigeria showed the Naira gained N12.35, representing a 0.79 per cent appreciation when compared to Wednesday’s trading at N1,565.46 per dollar.
The Naira has been on a steady appreciation, trading at N1,579.27 on Tuesday and N1,581.58 against the dollar on Monday.
The Naira, which also closed the previous week bullish, opened the new week with a gain of N4.56.
These steady gains were recorded even as the recapitalisation for Bureau De Change Operators (BDCs) began on June 3.
