Naira remains stable against dollar, euro

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The Naira on Monday remained stable as it traded at N362 to the dollar at the parallel market, same amount it was sold last Friday.

The Naira also closed against the euro at N481 at same market in Lagos.

Naira

Newsmen report that at the Bureau De Change (BDCs) window, the Naira also recorded same stability.

It traded at N362 to the dollar, while the euro was sold at N482 since last week.

Data from the Financial Market Dealers Quote (FMDQ) showed that the indicative exchange rate for the I&E was at N360.15 per dollar.

The exchange was an appreciation of 0.01 percent from N360.19 per dollar recorded last Friday.

The Central Bank Of Nigeria (CBN) rate closed at N305.95 to the dollar.

Some of black market operators and BDCs told newsmen that there was no figure for pounds.

They were skeptical about trading naira for the currency because of the banknote changes by Bank of…



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