This is coming after the Nigerian currency had remarkably strengthened against the dollar in parallel market on Monday, April 18.
According to our Bureau De Change (BDC) source, the naira now trades for between N319 and N320 as against the N318 – N320 it was on Monday, April 18.
“Today, it is being sold at N319, although some are selling at N320,” one of BDC sources informed.
Throughout last week, the naira maintained a strong stand against the dollar, a situation which had been absent in the parallel market for the past few months.
Many had said the naira will likely stay firm against the dollar this week, but that doesn’t seem to be going quite well as the nation currency is presently hovering around N319 – N320.
Source: naij
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