The Naira has appreciated against the dollar at the parallel foreign exchange market amid Donald Trump’s inauguration as the United States 47th president.
Abubakar Alhasan, a Bureau de Change operator in Wuse Zone 4, Abuja, reported that the Naira appreciated to ₦1,665 per dollar on Monday from ₦1,680 on Friday last week, showing a gain of ₦15.
Meanwhile, at the official market, the Naira fell to ₦1,550.05 against the dollar on Monday from ₦1,547.58 on Friday, a marginal depreciation of ₦2.47.
Thus, the Naira gained ₦15 against the dollar at the black market but lost ₦2.47 at the official exchange window on the first business day.
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Credit – Daily Post