Goodnews: Naira Strengthens Against Dollar On Parallel Market
The naira has on Wednesday, December 30, 2015, strengthened against the dollar on the parallel market, the News Agency of Nigeria (NAN) reports.
This is coming at a time when Nigerian are groaning about the increasing exchange rate of the dollar to the naira and as currency speculators are expressing fears that the Central Bank of Nigeria (CBN) might come up with policies that might be unfavourable to them in 2016.
Naira strenghtens against the Dollar at the parallel market.
In the new development, the naira gained N1 to appreciate about 0.4 per cent, to exchange at N226 to the dollar against the previous N227.
At the official inter-bank window however, the naira remained at N197 to the dollar just as available apex bank’s record puts the price of crude oil at 36.09 dollars.
The currency speculators are now envisaging that the apex bank might come up with policies that would affect them negatively in the new year.
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