Dollar appreciates against naira

The Naira has depreciated for three consecutive trading days to the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.

It was sold at N363.5 to the dollar, as against N363 traded on Friday, while the Pound Sterling and the Euro closed at N480 and N417, respectively.

At the investors’ window, the naira exchanged at N363.69 to the dollar as market turnover stood at 129.06 million dollars.

Trading at the Bureau De Change saw the naira closing at N360 to the dollar, while the Pound Sterling and the Euro closed at N480 and N417, respectively.

Traders said the beginning of political campaigns was boosting trade at the market.(NAN)