Naira Remains Static At N321 to A Dollar At Parallel Market

The naira on Wednesday, May 4, maintained its stable rate at the parallel market, exchanging at N321 to the dollar.

The News Agency of Nigeria, NAN, reports that the nation’s currency exchanged for N321 to the dollar for the past four days running.

The naira also traded at N467 and N365 to the Pound Sterling and Euro respectively.

Meanwhile, the nation’s currency had maintained N197 to the dollar at the official Central Bank of Nigeria (CBN) rate.

Traders at the market in separate interviews with the News Agency of Nigeria (NAN) expressed hope that the passage of the 2016 budget may affect the market positively.