The Naira strengthened further against the
dollar at the weekend as it exchanged for N364
per dollar at the parallel market.
The Naira had on Friday closed at N365 rate per
dollar.
Naira also exchanged at N468 against Pound
Sterling and N412 against Euro at the parallel
market.
But the weekend jump followed two
interventions, last week, by the Central Bank of
Nigeria (CBN), which totalled $449.3 million.
CBN had last Monday injected the $195 million
into various segments of the inter-bank market.
$100m was offered to authorised dealers in the
wholesale window, whi......continue reading http://www.giftnaija.com/2017/07/update-naira-enters-new-week-on-high.html?m=1

When the dollar drops by 50 naira upward that a news not 1 naira forward and backwards movement like Buhari visiting London