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

folarin okunola

March 17, 2016 10:29 PM

Today, the Naira continued to trade at the same N325/dollar, which it traded at as at yesterday evening.

A money dealer counts the Nigerian naira on a machine in his office in the commercial capital of Lagos, January 13, 2009. REUTERS/Akintunde Akinleye

The Naira maintained its momentum against the dollar from yesterday on the parallel market, trading at N325 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 against the British Pound.

Today, the Naira continued to trade at the same N325/dollar, which it traded at as at yesterday evening. Right now, you can buy dollars at N320/dollar on the parallel market.

READ: Currency stays steady at N325 per dollar on parallel market [March 16, 2015]

For other foreign currencies, you can buy the British Pound at N454/pound on the parallel market, or sell for N450/pound.

The Euro is also trading for N355/euro, while you can sell for N350/euro. These figures are the same figures which the naira posted by the close of business yesterday, and earlier today, give or take a few naira.

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.

folarin okunola