Naira gained Strength Against the Dollar

According to the News Agency Reports, On Thursday, May 4, Naira added strength against the Dollar at the Parallel market at N390.

It also appreciated against the Pound Sterling at N495 which was formally N498.

 In the closing to yesterday, the local currency remained at N420 against the Euro.

Transactions  were made at the Bureau De Change at N362(a dollar), N495(a Pound Sterling), N420( Euro).

Interbank market trading closed at N305.70 to the Dollar

Unfavorably to the new investors and exports channels, the Naira depreciated at N383.19, which was formally N382.19.

BDC's in Lagos on Wednesday gave 20,000 Dollars  each to assist the strength of the Naira.