Naira Maintains Firmness at N363/$ at Parallel Market

Naira unaffected by Trump’s victory

The Nigerian Naira, on Monday, February 12, maintained strength against the United States of America Dollar at the parallel segment of the Nigerian Foreign Exchange Market.

The local currency remained at the rate of N363 against the Greenback at the black market on Monday. However, the Naira leaped against the Brtsh Pound Strelng and the European Sngle Currency, Euro.

Against the Pound, the Naira exchanged at the rate of N505 and traded at the rate of N442 against the Euro.

Meanwhile, PricewaterhouseCoopers had predicted that the Naira may slump against the United States Dollar at the Investors and Exporters Window to 386 from the current average of 360.

 

 

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