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LequteMan
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The Nigerian Naira on Friday appreciated marginally against the Dollar following CBN's sale of $15.5m to over 1,500 Bureaux de Change during the week.
Naira appreciated by 0.4 per cent on Friday afternoon as it exchanged for N277 against the dollar from N278 it traded for previously.
However, the Naira closed at N197 to the dollar at the official interbank window, the News Agency of Nigeria reports.
Traders at the parallel market expressed concern that in spite of the resumption of forex auction to Bureaux de Change (BDCs) operators, the scarcity of the greenback was still exerting pressures on the Naira.
Naira appreciated by 0.4 per cent on Friday afternoon as it exchanged for N277 against the dollar from N278 it traded for previously.
However, the Naira closed at N197 to the dollar at the official interbank window, the News Agency of Nigeria reports.
Traders at the parallel market expressed concern that in spite of the resumption of forex auction to Bureaux de Change (BDCs) operators, the scarcity of the greenback was still exerting pressures on the Naira.
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