Naira Gains At Parallel Market

The naira, on Monday, appreciated to N775 per dollar at the parallel section of the foreign exchange market.

The figure represents an appreciation of N15 or 1.9 percent compared to the N790 it traded last week.

Bureaux De Change (BDC) operators, popularly known as ‘abokis’, who spoke to TheCable in Alade Market, Ikeja, Lagos, quoted the buying rate of the greenback at N770 and the selling price at N775 per dollar, leaving N5 profit margin.

Musa, a BDC operator in the Victoria Island area of Lagos, said that buying and selling prices stood at N770/$ and N780/$, respectively.

About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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