Lagos - The naira on Wednesday firmed
against the dollar at the parallel market.
The naira gained N1 on Wednesday afternoon as it traded for
N225 against the dollar.
It had previously traded for N226 against the dollar.
Also read: Naira increases to 217 against dollar
In the same vein the naira also appreciated in value at the
official interbank rate as it gained N0.02 to trade at N196.98 as against its
previous value of N197.
Traders at the parallel market expressed the belief that the
naira might experience further appreciation as the price of oil at the
international market went up recently.
The News Agency of Nigeria reports that the price of oil has
risen to 50.15 dollars at the international market.