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7 Jun 2017

Good News! Naira Hits 2017 Best Rate- See New Exchange Rate

The Nigerian naira continued
on a gaining streak to hit its
best point in 2017 as the
Nigerian Stock Exchange
(NSE)'s two-week bullish
trend was halted on Tuesday.

The naira appreciated to as
much as N362 per dollar at
the parallel market — its best position in 2017, after
opening at 490 in January.

On the official side of the
market, the local currency
traded at 304.55 to the
greenback, maintaining its
recent stability.

The all share index (ASI) of
the Nigerian bourse dropped
by 1.16 percent, as market
capitalisation retreated to
N11.131 trillion from
N11.212 trillion posted on Monday — shedding N81
billion.

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