
Finance
Naira Stages Friday Rally From Parallel Market
The naira appreciates to N1,375 in the parallel market and N1,349 officially on Friday, narrowing the premium to N29 on surging interbank turnover.
Amina Suleiman
3 results for “parallel market”

The naira appreciates to N1,375 in the parallel market and N1,349 officially on Friday, narrowing the premium to N29 on surging interbank turnover.
The naira strengthened at the official window while holding near N1,358 in the parallel market as traders positioned for the September inflation release.

The official NFEM rate moved only N1.5 against the naira, but the parallel-market rate weakened by N4 from the previous weekend and the...