Naira Remains Static At N310 Per Dollar At Parallel Market

The Naira on Monday, February 7, remained stable, exchanging for N310 to the dollar at the parallel market.

The local currency previously exchanged between N305 and N307 to the dollar early last week.

However, the naira closed at N197 to the dollar at the official apex bank rate.

Traders at the market were optimistic that the value of the naira would soar as soon as the Central Bank of Nigeria resumed sale of forex to the commercial banks. (NAN)