Naira maintains N361 rate against Dollar

macfranc007 July 07, 2018 Nigeria News today & Breaking news ▷ Read Naija news 24/7 Oluwatobi Bolashodun

- The Naira maintains its rate against Dollar at parallel market

- The local currency also slipped against Euro

- The Naira closed at N361 to a Dollar, N418 to Euro while the Pound traded at N480

The Nigerian Naira on Friday, July 6, retained its rate at the parallel market against Dollar.

According to NAIJ.com findings, the local currency maintained the same rates of N361 against Dollar, N480 against Pound, but slipped to N418 against Euro.

Meanwhile trading at the Bureau De Change (BDC) window saw the naira close at N360 to the dollar, while the Pound Sterling and the Euro remained at N485 and N417, respectively.

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Naira remain stable at N360 to dollar at parallel market

Naira stays at N361 to a Dollar at parallel market

At the investors’ window, the naira was sold at N362.58, while it exchanged at N305.70 to the dollar at the Central Bank of Nigeria (CBN) window.

NAN reports that the naira had remained stable at the market, hovering between N360 and N359 to the dollar.

Meanwhile, the apex bank had begun sensitisation workshops for importers on the effective implementation of the Naira-Yuan exchange modalities.

Experts were of the view that the China-Nigeria currency swap deal would lead to a further appreciation of the naira against the dollar across the entire segments of the market.

NAIJ.com previously reported that the Nigerian Naira on Thursday, July 5, slipped against the American Dollar at the parallel market.

The local currency dropped one point to close the day at N361/$1 from the previous rate of N360/$1, but maintained same rate of N417 against Euro.

However, the currency slipped to N480 against Pound Sterling.

Can 1 Naira ever become 1 US dollar again on the Forex market? - on NAIJ.com TV.