Nigeria’s currency, the naira rose further on Monday in the parallel section of the foreign exchange (FX) market. At the Lagos street market, currency traders, also known as bureau de change (BDC) operators, quoted the naira at N1,100 to the greenback. The traders put the buying price of the dollar at N1,070 and the selling price at N1,100 — leaving a profit margin of N30. The figure represents an appreciation of N50 or 4.34 percent from the N1,150/$ it traded on April 12. At the FMDQ Exchange, a platform that…
Read MoreNaira appreciates, sells for N1,100/$ at parallel market
