By Adedapo Adesanya The value of the Naira rose by 0.2 per cent or N2.27 on the US Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday after days of consistent weakening. Data obtained by Business Post from the FMDQ Securities Exchange showed that the official market exchange rate finished at N1,400.40/$1, in contrast to the preceding day’s value of N1,402.67/$1. However, the Nigerian currency depreciated against the Pound Sterling in the spot market yesterday by N135.16 to settle at N1,802.17/£1 versus the preceding day’s N1,667.01/£1 and against the Euro, it lost N115.44 to trade at N1,541.15/€1 versus N1,425.71/€1.
Naira Appreciates to N1,400/$1 at Official Market
