Home Breaking news Naira rises to N751 per dollar

Naira rises to N751 per dollar

The Nigerian naira, on Thursday, has risen to N751 per dollar at the similarity section of the foreign exchange (FX) market amid increased demand.

On the official market side, the naira depreciated by 0.06 percent to close at N441.50 to a dollar on Wednesday, according to data on FMDQ OTC Securities Exchange, a platform that oversees official foreign-exchange market amid increased demand.

Recently, the Association of Bureau De Change Operators of Nigeria (ABCON) said the “unorthodox” foreign exchange policy of the CBN impacted the naira stability across all markets and created a huge premium between official and parallel market rates.