- Naira has stayed strong against the Dollar at parallel market
- The Nigerian currency trades at N363, N505 and N442 against the Dollar, Pound Sterling and Euro respectively
- The local currency, however, appreciated against Pound and Euro
The Nigerian Naira on Monday, February 12, retained its strengthened rate at the Parallel Market against Dollar.
According to NAIJ.com findings, the local currency maintained the same rates of N363 against Dollar at the parallel market as it was early in the morning, but appreciated against Pound and Euro.
Naira maintains strength against Dollar
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In a previous report by NAIJ.com, the PricewaterhouseCoopers forecasts that the Naira may depreciate against the United States Dollar at the Investors and Exporters Window to 386 from the current average of 360.
The professional services firm in its economic outlook for 2018 released on Tuesday, February 6, stated that increased foreign exchange demand ahead of the 2019 general election might make the local unit to weaken, The Punch reports.
Can N1 ever become $1 again at Forex Market? Watch Nigerians respond to this question on NAIJ.com TV.
Source: Naija.ng
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