Naira appreciates against pound, dollar at forex

The naira on Monday appreciated against the Pound Sterling and the dollar at the three segments of the foreign exchange market. The naira traded at N282 against the Pound Sterling as against N284 which it traded on June 20 at the Bureau De Change (BDCs).

At the official market, the currency sold for N261.54 to the Pound Sterling, the exchange it was since last Friday.

The naira, at the black market stood against the Pound Sterling at N283 where it had been since June 20. It also appreciated against the Dollar at the BDCs as it gained N2 to sell at N165 compared with the N167 it traded on June 20. Similarly, at the official market, the currency remained stable against the Dollar at N155.23 since last week. At the black market, the Naira was sold against the Dollar at N167 from the N167.50 it sold on June 20. It gained N6 at the BDCs against the Euro trading at N224 from N228 it sold last Friday. The Naira at the official market was exchanged for N210.94 from the N211.39 it traded at the close of the market last Friday.