Business

Naira maintains rate against Dollar, Euro, slips against Pound

The local currency maintains the same rate against Dollar and Euro at parallel market.

The local currency, however, slipped against Pound

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The Naira closed at N366 to a Dollar, N430 to Euro while the Pound traded at N500 .          The Nigerian Naira on Friday, May 25, retained its depreciated rate at the parallel market against Dollar. According to Halifsblog.com findings, the local currency maintained the same rates of N366 against Dollar and N4308 against Euro as it was yesterday, May 24.

Halifsblog.com earlier reported that the Central Bank of Nigeria (CBN) made available 210 million dollars to meet customers’ requests in various segments of the foreign exchange market, Isaac Okorafor, the acting Director, Corporate Communications (CBN) said in a statement. Okorafor stated in the statement on Wednesday, May 23, in Abuja that CBN offered 100 million dollars to authourised dealers in the wholesale segment of the market.

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Categories: Business