The Nigerian Naira, on Friday, July 28, at the parallel segment of the Nigerian Foreign Exchange Market traded stable against the United States of America Dollar.
Maintaining slight momentum against the greenback, the local currency exchanged at the rate of N365/$ on Friday, same rate it traded for on Thursday, July 27.
The naira has in recent times traded between the rate of N360 and N365 at the black market even as the Central Bank of Nigeria, CBN, continues to intervene at the forex market.
Against the British Pound Sterling, the Naira gained one point against to close the day at N474, from the previous rate of N475.
Also, against the European Single Currency, local currency also stayed firm against Euro as it traded at N424, the same rate it has maintained in the last 24 hours.
Meanwhile, the naira maintained its steady rate against major currencies around the globe, appreciating to N360/$1 in the BDC segment of the market on Friday, July 28, 2017.
