Naira Sells At N400 At The Parallel Market

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​The Naira on Thursday was sold at N400 to a dollar at the parallel Market, the News Agency of Nigeria reports.

The Nigerian currency gained N10 to close at N400, from N410 posted on Wednesday, while the Pound Sterling and the Euro traded at N500 and N430 respectively.

At the Bureau De Change (BDC) window, the Naira closed at N400, while the Pound Sterling and the Euro traded at N530 and N465 respectively.

Trading at the interbank market saw the Naira weaker at N308.00 from N307.75 recorded on Wednesday.

Currency traders expressed the hope that the continuous appreciation of the Naira would affect the economy positively.

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