The Nigerian Naira on Monday, February 6, remained unchanged at the parallel or black segment of the foreign exchange market, trading at N498 against the United States dollar.
The local currency also exchanged at N617 against the British Pound Sterling, while trading at N527 against the Euro at the black market.
At the official interbank or spot FX segment of the currency market, the Naira also remained stable exchanging at N305.25 to the greenback
According to traders at the currency market, scarcity of the greenback still lingered despite the recent weekly sale of forex to BDCs by the Central Bank of Nigeria, CBN.
On Friday, February 3, the naira remained unchanged at the parallel or black segment of the Nigerian foreign exchange, forex market, trading at N498 to the U.S Dollar
At the official Interbank or Spot FX market, commercial lenders quoted the local currency at 305.25 a dollar, about the level it has traded since August.
