Naira Appreciates Further At Parallel Market

The naira has appreciated further against the dollar at the parallel market on Thursday to trade at N530 per dollar. 

The figure is N10 or 1.8 percent higher than the N540 it traded on Wednesday.

Street traders across forex markets in Lagos who spoke to TheCable on Thursday quoted the naira at N530 and 540 to a dollar for buying and selling prices, respectively.

A parallel market (street market) is characterised by noncompliant behaviour with an institutional set of rules.

-The Cable

About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

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