Naira on Thursday consolidated its gains against the dollar at the parallel
market, the News Agency of Nigeria reports.
The
Nigerian currency gained two points to exchange at N455 to a dollar, from N457
it posted on Wednesday, while the Pound Sterling and the Euro traded at N550
and N480, respectively.
At the
Bureau De Change window, the Naira traded at N400 to a dollar, while the Pound
Sterling and the Euro closed at N550 and N487, respectively.
Trading
at the inter-bank segment of the market saw the Naira closing at N306.75 to a
dollar.
Currency
traders said that the boost in liquidity by the CBN had enabled the Naira to
sustain its gain against the dollar at the FOREX market.
NAN
reports that the CBN had sustained its intervention at the market to clear the
backlog of genuine FOREX buyers.
Newssourse
NAN
