HomeBankingNaira Continues Recovery On Parallel Market

Naira Continues Recovery On Parallel Market

By admin

December 23, 2015

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The Nigerian naira continued its rally against the dollar today.

Holiday goers returning home awash with cash caused there to be a surplus which drover prices down N5 to close at N265.

Remittances from Nigerians abroad to family, friends and loved ones also contributed to the Naira recovery.

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Nigerians living in the USA remitted $9.4 billion or N1.8 trillion home over the 2015 fiscal year.

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The official market closed at N197 to $1.

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