Naira Gains Against Dollar; Stables Against Euro, Pound

The Naira appreciated against the Dollar at the official and the parallel markets as at close of trading on Friday.

The News Agency of Nigeria reports that the Naira exchanged at ₦225 for a Dollar as against ₦226 which it traded since March 16 at the Bureau De Change market.

At the official market, the currency sold at ₦197 to the dollar, remaining stable at the same price since February.

Similarly, the Naira stood firm against the dollar at the black market as it gained 50 kobo to sell at ₦225.50 compared with ₦226 traded on March 17.

The currency remained stable against the pound sterling and euro at ₦294 and ₦212 respectively since March 17 at the BDCs.

However, at the official market, it was sold against the two currencies at ₦293 and ₦210, making it to shed ₦3 and ₦1 each respectively.

The Naira, against the two currencies, was sold at ₦295 and ₦212 respectively at the black market.