Naira Stays Unchanged at N367/$ At Black Market

Naira unaffected by Trump’s victory

The Nigerian currency, on Wednesday, September 20, remained unchanged against at the parallel segment of the Nigerian Foreign Exchange Market.

The local currency closed at the rate of N367 against the greenback at the parallel market.

Against the British Pound Sterling, the naira exchanged at the rate of N490 and closed at the rate of N436 against the European Single Currency.

Meanwhile, the Central Bank of Nigeria, CBN, seems to be reducing its intervention in the foreign exchange market as the external reserves reportedly hit $33billion.

 

 

 

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