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The Naira Value Remains Stable in Parallel Market

Mobizone

The Naira Value Remains Stable in Parallel Market

Nigeria Naira Continues To Gain Strenght Against Dollar, Euros in The Parallel Market
The Naira on Monday traded at N360.16 to the dollar at the investor’s window, the News Agency of Nigeria (NAN) reports. The Nigerian currency exchanged at N362 to the dollar at the parallel market, while the Pound Sterling and the Euro closed at N475 and N425. The Naira also traded at N362 to the dollar at the Bureau De Change (BDC) window, while the Pound Sterling and the Euro closed at N475 and N425.
Traders said the Nigerian currency had remained stable at the Foreign Exchange (FOREX) market and commended the Central Bank of Nigeria (CBN) for boosting liquidity at the various segments of the market. The CBN had injected over 3.6 billion dollars in series of interventions to the FOREX market.
Meanwhile below are full table of Monday’s foreign exchange rates as released by Zenith Bank;

November 1, 2017 http://mobizone.ng/the-naira-value-remains-stable-in-parallel-market/

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