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Friday, 30 September 2016

Naira hovers around N500 to $1



The Naira on Thursday hovered around N500 to $1 in the parallel or black market.

However, it sold in most of the markets visited at about N490 to $1.
There are concerns it will head into the N500/$1 rate between Friday and the weekend.

However, the Naira appreciated significantly to N305/$1 at the official interbank market on Thursday.

The Naira had been falling steadily in the last two weeks.