Naira appreciates against dollar, trades at N364/$1

The naira on Tuesday appreciated against the dollar, trading at N364 to $1 at the parallel market.

The Nigerian currency gained N1, stronger than N365 posted on Friday, while the pound sterling and the euro closed at N470 and N430.

Trading at the bureau de change (BDC) window saw the naira closing at N362 to the dollar, while the pound sterling and the euro traded at N470 and N430.

At the investors’ window, the naira was sold at N360.39 to the dollar, while it exchanged at N305.8 to the dollar at the interbank market.

Traders said activities at the market was yet to resume fully as most traders were yet to resume after the Sallah break.