Naira converges around N359/$ at parallel market

The Nigerian Currency notes in One Thousand Naira denomination.

The Nigerian currency, naira traded at N358.6 to the dollar at the parallel market in Lagos state.

At the Bureau De Change (BDC) segment, the naira was sold at N358.6, while the pound sterling and the euro closed at N445 and N396, respectively.

The naira, however, traded at N306.95 to the dollar at the official Central Bank of Nigeria window

It would be recalled that the naira remained stable due to the interventions of the CBN.

Peace PIAK