The Nigerian Naira maintained firmness against the United States of America Dollar at the parallel segment of the Nigerian Foreign Exchange market.
The local currency stayed unchanged at the rate of N364 against the greenback at the black market on Tuesday.
Meanwhile, against the British Pound Sterling, the Naira appreciated, trading at the rate of N507. The local currency, however, slumped against the European Single Currency, Euro, closing at the rate of N448.
In other developments, Nigerians requiring foreign exchange for Business and Personal Travel Allowances, tuition, medical fees and others can access from a 55 million dollars allocation injected into the segment of the forex market by the Central Bank of Nigeria (CBN) on Monday.
The News Agency of Nigeria (NAN) reports that the amount is part of 210 million dollars pumped into various segments of the foreign exchange market by the apex bank.
A breakdown of the amount, released by the CBN acting Director, Corporate Communications Department, Mr Isaac Okorafor in a statement in Abuja, showed that the bank offered 100 million dollars as wholesale interventions.
He said that the bank also allocated 55 million dollars through the Small and Medium Enterprises (SMEs) Forex window.
