Nigeria Currency (Naira) Maintains N367 Per Dollar At Parallel Market

The Nigerian monetary unit on weekday remained stable at the parallel market, exchanging at N367 to a greenback, the press agency of Federal Republic of Nigeria reports.

The Nigerian currency maintained its Friday rate, whereas the pound and also the monetary unit listed at N478 and N433 severally.

Trading at the Bureau First State modification section saw the Nigerian monetary unit closing at N363 to the greenback, whereas the pound and also the monetary unit listed at N478 and N433, severally.

The Nigerian monetary unit appreciated at the investors’ window closing at N359.58, stronger than N361.13, its gap rate.
Traders at the market expressed the hope that the Nigerian monetary unit would stay stable within the days ahead.
The Nigerian monetary unit created a comeback last week once demand forces caused it to depreciate for nearly per week.

Industry watchers believe that tho’ a liquidity boost by the Central Bank of Nigeria (CBN) was necessary to shore the worth of the Nigerian monetary unit, efforts ought to be directed toward revitalizing the producing sector.