Home Sectors BUSINESS & ECONOMY Naira Stays at N485/$ At Parallel Market

Naira Stays at N485/$ At Parallel Market

The Naira, on Friday, December 9, remained static at the parallel or black market, exchanging at N485 to a dollar.

Also, the local currency traded at N602 against the British Pound Sterling and traded at N515 against the Euro.

At the interbank or Spot FX market, the Nigerian Currency remained stable, trading at N305.50 to the U,S dollar.

Meanwhile,at the Bureau De Change, BDC, segment of the foreign exchange market, the Naira traded at N399 to a dollar, which is the Central Bank of Nigeria, CBN, controlled rate, while the Pound Sterling and the Euro exchanged at N606 and N515, respectively.

Traders at the currency market said have continued to lament the lingering scarcity of dollar, which has led to slow market activities.

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