Currency trading at N325 per dollar on parallel market [March 15, 2016]

folarin okunola

March 15, 2016 10:14 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 from last week on the parallel market, trading at N325 to the dollar for buyers. The speculative trend of the currency seems to remain as it keeps fluctuating, even though pressure on the currency has eased considerably.

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

For other foreign currencies, you can buy the British Pound at N445/pound on the parallel market, or sell for N452/pound.

READ: Currency currently selling for N320 per dollar on parallel market [March 3, 2016]

The Euro is also trading for N351/euro, while you can sell for N355/euro. These figures are the same figures which the naira posted by the close of business yesterday, 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