Naira position with dollar

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It should be noted that the naira has gained a couple of points to 211 for the dollar.

On Monday, August 17, the naira demonstrated arise against the USD to 217 at the parallel market from the 221 recorded on Friday.

The naira had weakened on the parallel market to as much as 245 to the dollar last months.

Abubakar Audu, parallel market trader said  that the position of the naira was after the Central Bank
of Nigeria (CBN) sold dollars to operators of Bureau de Change (BDC).

He added that would likely be the position of the naira when the CBN would sell to BDC operators on Friday.

On the official interbank market the naira stay unchanged at 197 to the dollar.

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