The Global News reports that on Monday, Naira appreciated to N1,250 per dollar at the parallel market of the foreign exchange (FX).

The exchange rate is a 0.43 percent decrease from the N1,280 recorded on March 29.

Bureau de change (BDCs) operators in Lagos quoted the buying rate of the dollar at N1,230 and the selling price at N1,250.

At the official section of the FX market, the local currency depreciated by 0.69 percent to N1,309.39/$ on March 28 — from N1,300.43/$ on March 27.

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