Naira appreciates to 393 per dollar

Na wa for this fluctuating Naira-Dollar. I pray Naira gets better because Nigerian economy is getting off the rail. It was surveyed that the parallel market exhange rate which rose to 395 per dollar two days back had appreciated to N393 per dollar by the close of business yesterday. Investigation revealed that the decline in parallel market exhange rate was due to anticipated inflow of $31 million into the bureaux de change segment tomorrow courtesy of midweek intervention of the $10,000 per BDC by the CBN.

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