Naira retains strength against American Dollar, set to appreciate further
- The local currency stays unchanged against Dollar and Pound
- The Naira closed at N365 to a Dollar, while the Pound and the Euro traded at N470 and N431, respectively
The Nigerian Naira on Wednesday, September 6, retained its strengthened rate at the parallel market against Dollar and Pound.
According to NAIJ.com findings, the local currency maintained the same rates of N365 against Dollar, N470 against Pound at the parallel market as it was yesterday, September 5, but fell slightly against Euro.
Naira slips against Euro at parallel market
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Traders said that activities at the market was yet to resume fully as most traders were yet to come come back from the Sallah break.
Last week the Central Bank of Nigeria (CBN) raised the total intervention for the week to 547 million dollars as against 195 million dollars offered the previous week.
Can N1 ever become $1 again at Forex Market? Watch Nigerians respond to this question: