Business News

Naira Street Value Appreciates to N1,270/$1

naira street value

By Dipo Olowookere The value of the Naira to the United States Dollar on the streets in Lagos appreciated by 10 on Easter Monday, selling at N1,270/$1 compared with Saturday’s rate of N1,280/$1. Business Post reports that the appreciation was influenced by lesser demand for dollars at the parallel market yesterday, which was a public holiday in Nigeria. Most of the foreign exchange (FX) traders in the black market were not busy on Easter Monday due to the work-free day, and did not have much to do. However, the activities are expected to be busy on Tuesday (today) after the