The Nigerian naira continued on a gaining streak to hit its best point
in 2017 as the Nigerian Stock Exchange (NSE)’s two-week bullish trend
was halted on Tuesday.
The naira appreciated to as much as N362 per dollar
at the parallel market — its best position in 2017, after opening at 490
in
January.
On the official side of the market, the local currency traded at 304.55 to the greenback, maintaining its recent stability.
The all share index (ASI) of the Nigerian bourse dropped by 1.16
percent, as market capitalisation retreated to N11.131 trillion from
N11.212 trillion posted on Monday — shedding N81 billion.
