By Modupe Gbadeyanka
The Nigerian currency, the Naira, remained relatively stable at the parallel market on Friday all through the day.
The local legal tender opened for at N516 to the Dollar on Friday morning and remained so in the afternoon and evening when it closed for the day’s trading.
The Naira reached an all-time low of N516 per Dollar on Thursday amid the continuous shortage of Dollar in the foreign exchange market in the country.
However, the Euro, which opened for the day at N538, closed for the day at N540.
But for the Pound Sterling, it remained the same value it opened on Friday at N630.
Business Post reports that at the interbank segment of the foreign exchange of the market, the Dollar was exchanged for N305.50k it closed yesterday, while the local currency gained N2.56k against the Pound Sterling to end at N379.28k and the Euro was traded at N325.30k against N324.87k it went for on Thursday.
more recommended stories
EFCC Investigates Listing of MTN Nigeria on NSE
By Dipo Olowookere The listing of.
SEC Modifies Processes of Listing on Nigerian Stock Exchange
By Modupe Gbadeyanka In order to.
Forte Oil to Pay Interim Dividend of N1.15k June 10
By Dipo Olowookere The board of.
NSE Releases Effective Dates of Five New Rules
By Dipo Olowookere The Nigerian Stock.
Wari Takes Financial Services Closer to Customers on WhatsApp
In order to make its customers.
Second 30-Year Bond Sale Records 336% Subscription
By Dipo Olowookere At the May.
FBNQuest Complies With GIPS to Boost Investor Confidence
A subsidiary of FBNQuest Merchant Bank.
Stock Market Gains N408bn as MTN Nigeria Listing Frenzy Persists
By Dipo Olowookere Transactions on the.