Naira Currency maintains against dollar, drops further against British Pound, Euro [March 18, 2016]

The speculative trend of the currency seems to have died out as it maintains a steady position against the dollar, although it has been dropping steadily - and continues to drop - against the British Pound.

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Crispy Naira notes play

Crispy Naira notes

(Total Media)
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The Naira maintained its momentum against the dollar from yesterday on the parallel market, trading at N326 to the dollar for buyers. The speculative trend of the currency seems to have died out as it maintains a steady position against the dollar, although it has been dropping steadily - and continues to drop - against the British Pound.

Central Bank Governor Godwin Emefiele speaks at the monthly MPC meeting in Abuja, Nigeria, September 22, 2015. REUTERS/Afolabi Sotunde play Central Bank Governor Godwin Emefiele speaks at the monthly MPC meeting in Abuja, Nigeria, September 22, 2015. REUTERS/Afolabi Sotunde

 

Today, the Naira continued to trade at the same N326/dollar, which it traded at as at yesterday evening. Right now, you can buy dollars at N320/dollar on the parallel market.

For other foreign currencies, you can buy the British Pound at N456/pound on the parallel market, or sell for N451/pound.

READ: Currency maintains at N325/dollar, drops to N454 against British Pound [March 17, 2016]

The Euro is also trading for N352/euro, while you can sell for N345/euro. These figures are around the same which the naira posted by the close of business yesterday, and earlier today, give or take a few naira.

President Muhammadu Buhari. play

President Muhammadu Buhari.

(News of Africa)

 

Note that these figures are the current evening rate at which the naira is trading on the black market. We will be bringing you daily rates so stay with Pulse Money to keep you updated.

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