The Naira, which made a surprising comeback on Monday, has continued its buoyancy, as it fared well against the U.S. Dollar on Tuesday, October 11, 2016.
It was gathered that the local currency yesterday appreciated against the greenback at the parallel market, closing at N468 to a dollar.
It gained N2 from N470 it traded on Monday while it exchanged at N570 and N517 against the Pound Sterling and the Euro, respectively.
Trading at the Bureau De Change (BDC) segment of the market showed that the Naira was sold at the approved rate of N380 to the dollar, while Pound Sterling traded at N580 and Euro at N515.
While at the official inter-bank market, the naira remained at N304.75 to a dollar.
NAN reports that since the resumption of the sale of Diaspora remittances to the BDCs by Travelex, the naira had continued to appreciate.
Also concurring with NAN, traders at the market attributed the ease in the liquidity challenge in the market to the resumption in the sale of dollars to BDCs by Travelex.
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