Nigerian naira is on a recovery part as it appreciates against the dollar at the parallel market.
File photo
The naira appreciated by against the dollar on Monday as tit
exchanged at N497/dollar on Monday. Last week, the naira was quoted at
498/ dollar at the parallel market on Friday, down from 497 on Thursday.
It traded flat at 497/dollar between Monday and Wednesday. Things
have not been the same since the naira began a rapid depreciation last
year as the government has failed to tackle the issue.
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