The Nigerian Naira, on Tuesday, July 18, remained unchanged at the parallel segment of the Nigerian foreign exchange market, against the United States of America Dollar .
At the black market on Tuesday, the local currency closed at the rate of N367 against the greenback, same as which it closed the previous days.
Against the British Pound Sterling, the naira exchanged at the rate of N473, dropping slightly from the previous day, while it traded at the rate of N420 against the European Single Currency, Euro.
The Central Bank of Nigeria, CBN, had on Monday, July 17, released $195 million into the interbank foreign exchange market, which has helped the local currency retain stability at the forex market.
The acting Director, Corporate Communications of the apex bank, Isaac Okorafor, in a statement, said $100 million was offered through the wholesale segment.
He said that Small and Medium Enterprises (SMEs) segment received $50 million, while tuition fees, medical payments and Basic Travel Allowance, BTA, among others, got $45 million.
He said that the apex bank was pleased with the state of the market, and assured that the bank would continue to intervene in order to sustain liquidity in the market and guarantee international value of the naira.
