Naira maintains rate against Dollar at parallel market

Naira maintains rate against Dollar at parallel market

- The local currency maintains the same rate against Dollar at parallel market

- The local currency, however, appreciated against Pound and slipped against Euro

- The Naira closed at N362 to a Dollar, N420 to Euro while the Pound traded at N486

The Nigerian Naira on Thursday, June 21, retained its rate at the parallel market against Dollar.

According to Legit.ng findings, the local currency maintained the same rates of N362 against Dollar, N420 to Euro and N486 to Pound as it was on Wednesday, June 20.

The naira has remained stable across the foreign exchange market due to the intervention of the CBN.

On Tuesday, June 19, traders said the trading was low due to resumption from the Sallah break.

Naira maintains rate against Dollar at parallel market

Naira maintains rate against Dollar

Legit.ng previously reported that the Nigerian Naira on Wednesday, June 20, retained its rate at the parallel market against Dollar.

The local currency maintained the same rates of N362 against Dollar, but appreciated against Pound Euro.

Can 1 Naira ever become 1 US dollar again on the Forex market? - on Legit.ng TV.

Source: Legit.ng

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