NAIRA STRENGTHENS TO N1,405 PER DOLLAR IN PARALLEL MARKET
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By: Fasasi Hammad
The Naira strengthened to ₦1,405 per US dollar in the parallel market on Friday, up from ₦1,410 per dollar recorded on Thursday.
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This week, the Naira showed mixed performance in the parallel market but ended the week ₦10 stronger against the dollar.
Parallel market traders attributed the fluctuations to the forces of demand and supply, as well as the growing use of the Naira for payments by importers, particularly for goods from countries like China.
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