Naira stays strong against Dollar at parallel market

Naira stays strong against Dollar at parallel market

- The local currency maintains the same rate against Dollar, Pound and Euro at parallel market

- The Naira closed at N363 to a Dollar, N430 to Euro while the Pound traded at N500

The Nigerian Naira on Monday, May 14, retained its strengthened rate at the parallel market against Dollar.

According to NAIJ.com findings, the local currency maintained the same rates of N363 against Dollar, N500 to £1 and N430 against Euro as it was on Friday, May 11.

In a previous report by NAIJ.com, the Central Bank of Nigeria (CBN) on Thursday, May 10, said customers should demand new naira notes from their respective banks and reject dirty ones.

Naira maintains strength against Dollar at parallel market

Naira maintains strength against Dollar

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Isaac Okorafor, acting director, communications department of the of the apex bank, made the statement in Lagos in an interview with the News Agency of Nigeria (NAN).

The CBN spokesperson said that the apex bank was aware of the high level of mutilated notes in the country and had taken several measures to addressing the rising incidence of mutilated notes.

Can 1 Naira ever become 1 US dollar again on the Forex market? on NAIJ.com TV

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Source: Naija.ng

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