Government Claims Naira Records Gain Against Dollar

The Naira appreciated against
the Dollar at the official and the
parallel markets as at close of
trading on Friday.
The News
Agency of Nigeria
(NAN) reports that the Naira
exchanged at N225 for a dollar
as against N226 which it traded
since March 16 at the Bureau
De Change (BDC) market.
At the official market, the
currency sold at N197 to the
Dollar, remaining stable at the
same price since February.
Similarly, the Naira stood firm
against the dollar at the black
market as it gained 50 kobo to
sell at N225.50 compared with
N226 traded on March 17.
The currency remained stable
against the pound sterling and
euro at N294 and N212
respectively since March 17 at
the BDCs.
However, at the official market,
it was sold against the two
currencies at N293 and N210,
making it to shed N3 and N1
each respectively.