Naira firms on parallel market as CBN sells dollars

by | August 13, 2015 9:06 am

Nigeria’s central bank sold $80 million to bureaux de change (BDC) operators on Wednesday, at N197, helping the local currency strengthen on the parallel market, the president of the association of forex dealers, said. The naira was quoted at N221 on the parallel market, up 1.36 percent on the day, after dollar liquidity rose, traders…

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