The News Agency of Nigeria (NAN) reports that the
currency was stable in the previous week,
maintaining 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 also maintained N197 at the official
Central Bank of Nigeria (CBN) rate.
Traders at the parallel market said that the
proposed currency swap deal between Nigeria and
China would shore up the value of the naira when
implemented.
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