Naira appreciates at parallel market

The naira made a re-bound as it appreciated against the dollar at the parallel market on Monday.

The Nigerian currency gained N1 as it exchanged for N224, as against N225 it traded last week.

Meanwhile, the official interbank rate remained at N197.

According to NAN, traders at the market in Lagos, expressed confidence that the market might bounce back with the appointment of a minister of Finance.