Naira appreciates against Pound, stays firm against Dollar at parallel market

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Image result for naira dollar pound photoThe Nigerian Naira on Friday, April 21, stayed firm against the American Dollar to close the day at N385/$1 at the parallel market as it was yesterday, April 20.

However, the local currency gained N5 against the Pound sterling to close at N490 from the previous rate of N495 but maintained the same rate of N410 against the Euro.

This new rates come few hours after the Central Bank of Nigeria (CBN) sold $20,000 to Bureau De Change (BDCs) for onward sale to small-end users.

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