ADVERTISEMENT
The naira on Monday traded at N322 to a dollar at the parallel market in Lagos.
The News Agency of Nigeria (NAN) reports that the currency was stable the previous week, maintaining a value of between N315 and N320 to a dollar.
However, the naira traded at N450 and N360 for Pound Sterling and the Euro respectively at the day’s transaction.
The naira traded for N197 to a dollar at the official Central Bank of Nigeria (CBN) rate.
Traders at the parallel market said the proposed currency swap deal between Nigeria and China would shore up the value of the naira when implemented.
(NAN)
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...
![Olusegun Adesegun and Adeyemi Adefarakan. [PHOTO CREDIT: Official webpage of WEMA Bank]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2021/07/Downloads7.jpg?resize=120%2C86&ssl=1)
Discussion about this post