The naira appreciated against the dollar at the parallel market on Monday as deposit money banks set up foreign exchange teller points for customers
The naira strengthened to 512 against the greenback at the parallel market from the 515/$1 at which it closed on Friday.
The local currency had last week plunged to an all-time high of 525 against the dollar at the parallel market following the stoppage of the supply of foreign exchange to Bureau de Change by the CBN.
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