Naira maintains strength against Dollar at parallel market

- 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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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