The Naira, on Monday, November 28, remained static at the official interbank or Spot FX market, trading at N305.25 to the American Dollar, same rate it traded for on Friday.
The local currency, on Friday, November 25, exchanged flat against the U.S dollar at the interbank market, closing at N305.25.
Meanwhile, at the parallel market, the naira exchanged at the rate of N473 to the dollar, the same rate it exchanged for on Friday.
Also, the naira traded at the rate of N585 to a British Pound Sterling, while it exchanged at N505 to the Euro at the Parallel Market.
According to feelers from the forex market, the recent raid on illegal currency traders at the market, alongside sustained sale of dollar to Bureau de Change BDC operators has seen the naira stable at both major segments of the market.
