The Nigerian Naira, on Tuesday, August 1, opened the new month with sustained rally at the parallel segment of the Nigerian foreign exchange market.
The local currency retained the rate of N365 against the United States of America Dollar, at the black market, same rate which it traded for on the last day of July, on Monday, July 31.
Against the British Pound Sterling, the naira traded at the rate of N474/£1 at the black market, same as Monday.
It also sustained same rate against the European Single Currency, Euro, to close at N422 after adding to point at the end of the month at the previous rate of N424.
Meanwhile, at the official interbank or spot FX market, the local currency exchanged at the rate of N305/$1.
The Naira traded at the rate of N400 against the British Pound Sterling at the interbank market and closed at the rate of N358 against the European Single Currency, Euro.
