Naira appreciates against major currencies

The Naira appreciated marginally against the major currencies at the official and parallel markets on Friday, the News Agency of Nigeria (NAN) reports.

At the official market, the Naira opened at N157.73 to a dollar on Monday and closed at N155.43 on Friday, gaining N2.3k.

The currency also appreciated against the dollar at the Bureau de Change during the week by N1, closing at N165 compared with N166 on Monday.

It, however, remained stable at the parallel market closing at N167, the same price at which it sold at the beginning of the week.

The Naira, which opened at N277.73 to the Pounds on Monday at official market, closed for the week at N243 on Friday, gaining N34.73k.

It remained stable against the Pounds at the Bureau de Change and the parallel markets during the week.

The Naira traded at N278 to the Pounds at the Bureau de Change and N270 at the parallel market.

At the official market, the Naira against the Euro recorded N220 on Friday making it to appreciate by N7 compared with N227 at which it stood on Monday.

It also appreciated against the Euro, selling at N227 on Friday, compared with N325 at which it sold at the Bureau de Change at the beginning of the week.

The currency was also relatively stable at the parallel market this week, trading at N234 to the Euro. (NAN)