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Friday, 19 May 2017

See Current Value today as Naira Improves at the Black Market

Here is the current naira value as Nigerian local economy is showing positive signs as the naira begins to improve in the parallel market.
 
It is now reported that the Naira continued to gain against the dollar following the Central Bank of Nigeria (CBN) $457 million intervention on Monday.
Information revealed that the local currency on Thursday rose against the U.S dollar to N375 per dollar on the parallel market as the foreign exchange liquidity continued to increase.
Investigations revealed that the parallel market rate which most analysts had projected to
remain at N385 to a dollar, improved to N375/$.

CBN’s Acting Director of Corporate Communications, Isaac Okorafor, had at the weekend reiterated the bank’s commitment to ensuring that there was enough supply of forex to genuine customers in pursuit of rates’ convergence.

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