Naira Gains Strength Against Dollar

By Modupe Gbadeyanka

At the interbank market on Wednesday, October 5, 2016, the Naira appreciated by 9.97 points to exchange at the rate of N310.24 to a Dollar.

On Tuesday, the Naira had exchanged for N320.21 to one Dollar at the interbank market.

It was the same trend at other segments of the market today as the Naira went for N354 to a Dollar at the Bureau De Change (BDC), while it exchanged for N580 and N510 to a Pound and Euro respectively.

At the parallel market, the Naira traded at N475 to the Dollar, while went for N590 to the Pound and N510 to the Euro.

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