Tuesday 7 April 2015
Nigeria's naira firms on parallel market as liquidity rises
Nigeria's naira firmed more than 6 percent on parallel market on Tuesday as individuals who had stockpiled dollars to hedge against political risk because of the general elections sold off their holdings, black market dealers said.
The naira NGN-D1 firmed to 197 against the dollar on the parallel market operated by bureau de change agents, the same level as the interbank market, from 210 naira on Thursday.
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