The Nigerian Naira on Wednesday, August 9, surged against the United States of America Dollar at the parallel segment of the Nigerian foreign exchange market.
The local currency exchanged at the rate of N363 against the greenback, gaining 3 points from the rate of N366 recorded on Tuesday.
Against the British Pound Sterling, the naira traded at the rate of N477 at the black market and exchanged at the rate of N428 against the European Single Currency, Euro.
At the Bureau De Change window, the Nigerian currency exchanged at the rate of N363 to the dollar, while the pound sterling and the Euro closed at N477 and N428, respectively.
Trading at the investors’ window saw the naira closing at N367.50 to the dollar.
Meanwhile, the Central Bank of Nigeria, CBN, had on Monday injected $195 million into the interbank market.
Traders expressed optimism that the interventions by the CBN at the market were capable of closing the gap further between the rates at the parallel market and other segments.
