Nigeria's naira firms 0.46pc on parallel market after Buhari wins election

01 Apr, 2015

LAGOS: Nigeria's naira firmed 0.46 percent to 217 against the dollar on Wednesday on the parallel market after opposition leader Muhammadu Buhari won the presidential election in Africa's biggest economy, a black market dealer told Reuters.

The dealer said he had seen little demand for dollar compared with before the polls. The interbank opened at 197 naira to the dollar, a level it had traded at since February, after the central bank pegged the rate, following a defacto devaluation.

Copyright Reuters, 2015

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