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The Naira on Tuesday stabilised at N490 to a
dollar at the parallel market in spite of
speculations that it would depreciate to N500
to a dollar by the end of 2016, the News
Agency of Nigeria (NAN) reports.
The Pound Sterling and the Euro also
closed at N585 and N505 respectively.
At the Bureau De Change (BDC) window,
the dollar exchanged at N399, CBN
controlled rate, while the Pound Sterling
and the Euro traded at N598 and N510,
respectively.
Trading at the interbank market saw the
dollar closed at N305.
Traders at the market said that Forex
scarcity was still having its toll on the
market.