Naira Firms Up Against Dollar At Parallel Market

naira and dollar notes

The Naira remained firm against the Dollar, Euro and Pound Sterling, according to trading at the parallel market on Wednesday.

The Naira gained a point against the Dollar to exchange N211 from the N212 it traded on Tuesday.

The Naira remained stable against the Euro and the Pound Sterling to exchange for N243 and 330 respectively.

Meanwhile, the official interbank rate remains the same at N197.

A parallel market trader, Abubakar Audu, told the News Agency of Nigeria (NAN) in Lagos that the position of the Naira was after the Central Bank of Nigeria (CBN) sold Dollars to operators of Bureau de Change (BDC).

Audu said that would likely be the position of the Naira when the CBN would sell to BDC operators on Friday. (NAN)

Source : Leadership

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