Saturday, May 28, 2016

Naira stabilises at N350 to Dollar


The Naira on Friday remained stable at the parallel market, exchanging at N350 to the Dollar, the News Agency of Nigeria (NAN) reports.

The Nigerian currency maintained same value since Wednesday.


However, the Naira weakened further against the Pound Sterling as it traded at N500 to the Pound, from N390 since Wednesday, while the Euro remained stable at N385.

Meanwhile, the Central Bank of Nigeria (CBN) was yet to come up with modalities for implementing its flexible exchange policy, as its official rate remained at N197 to a Dollar.

Traders at the market said they were waiting for the new guidelines for the flexible exchange rate policy of the apex bank.

No comments:

Post a Comment

WE LOVE COMMENTS, POST A COMMENT

Nigerian Woman Shows Off Giant Cassava Tuber She Harvested From Her Farm (Photo)

  A woman from Orlu, Imo State showed off a giant Cassava tuber she harvested from her farmland, NairaNaijaNews reports. See photo below.