Naira Settles at N424/$ At Parallel Market

The Naira, on Tuesday, September 20, remained steady at N424 to the Dollar at the parallel market for the third consecutive day.

The Nigerian currency also remained stable to the Pound Sterling and Euro to sell at N555 and N470 same as Monday’s rate at the parallel market.

However, at the interbank market, the Naira dipped by 0.84 percent to close Tuesday, September 20 at N309.83 to the Dollar compared to a 0.54 percent gain recorded on Monday when N307.25 was exchanged for one $US, at the interbank market.

Meanwhile, official Exchange Rates from the Central Bank of Nigeria, CBN, showed that N305 was exchanged for one Dollar, N395.5 for one Pound Sterling and N341.2 for one Euro.