Naira stregthens against Dollar.

The Naira on Friday appreciated by one point against the U.S Dollar at the parallel market. The development, according to Mr Abubakar Audu, a trader at the parallel market, follows the Central Bank of Nigeria (CBN)’s sale of dollar to Bureau De Change (BDC) operators.

The Nigerian currency traded for N225, N345 and N248 on Friday afternoon against the Dollar, Pounds and Euro respectively. This is as against Thursday when Naira traded for N226, N345 and N248 against the Dollar, Pounds and Euro respectively.

Meanwhile, the official interbank rate remained at N197 to a Dollar.

-GIRN