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Naira Continues Appreciating Against Dollar
The Nigerian Naira on Wednesday appreciated to N300 per dollar up from N310 per dollar at the end of business on Tuesday.
A bureau de change operator at the Lagos airport, Mr. AbdulSalam Quadri, said the naira gained marginally on Wednesday, compared to what it gained on Tuesday, because forex supplies to the market were drying out gradually.
He said the local currency might not record any significant gain in the coming days.
However, other forex dealers said the naira might gain further and settle around 260 against the greenback at the parallel market.