Naira remains stable against dollar

The naira has remained stable against the dollar and other currencies at the official and parallel markets, according to reports.

As at Friday, May 8, 2015, the Nigerian currency was trading at N197 to a dollar, the News Agency of Nigeria reports.

At the Bureau De Change (BDCs), or the parallel market as it’s usually called, the naira was firm, selling at N221 to a dollar.

At the black market, the naira sold for N218 against the dollar as against N220 which was the market value at the beginning of the week.

The naira also remained stable against the pound at the BDCs but depreciated at the official market.