The Naira on Monday, traded at N322 to a dollar at the parallel market in Lagos.
The News Agency of
Nigeria (NAN) reports that the currency was stable in the previous week,
maintaining value of between N315 and N320 to a dollar.
However, the naira
traded at N450 and N360 for Pound Sterling and the Euro respectively, at the
day’s transaction.
The naira also maintained N197 at the official Central Bank of Nigeria (CBN) rate.
The naira also maintained N197 at the official Central Bank of Nigeria (CBN) rate.
Traders at the
parallel market said that the proposed currency swap deal between Nigeria and
China would shore up the value of the naira when implemented.
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