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Naira maintains strength against Dollar at parallel market
Business and Economy

Naira maintains strength against Dollar at parallel market

by  Khadijah Thabit
1 min read

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

- The local currency, however, slipped against Euro

- The Nigerian currency trades at N360, N480 and N420 against the Dollar, Pound Sterling and Euro respectively

The Nigerian Naira on Monday, July 16, retained its rate at the parallel market against Dollar.

According to Legit.ng findings, the local currency maintained the same rates of N360 against Dollar, N480 to Pound as it was Tuesday, July 17, but slipped against Euro to N420.

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

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Naira maintains strength against Dollar at parallel market
Naira maintains strength against Dollar

Legit.ng previously reported that the Nigerian Naira on Monday, July 16, retained its rate at the parallel market against Dollar.

The local currency maintained the same rates of N361 against Dollar as it was Friday, July 13, but slipped against the Pound to N481 and N420 to Euro.

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

Source: Legit.ng

Authors:
Khadijah Thabit avatar

Khadijah Thabit (Copyeditor) Khadijah Thabit is an editor with over 3 years of experience editing and managing contents such as articles, blogs, newsletters and social leads. She has a BA in English and Literary Studies from the University of Ibadan, Nigeria. Khadijah joined Legit.ng in September 2020 as a copyeditor and proofreader for the Human Interest, Current Affairs, Business, Sports and PR desks. As a grammar police, she develops her skills by reading novels and dictionaries. Email: khadeeejathabit@gmail.com

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