Buhari’s Return: Naira Remains Firm Against The Greenback

Nigeria’s Currency, Naira exchange rate was stable on both the official and black markets
on Friday after President Muhammadu Buhari’s returned from a long medical vacation in London.


The Naira was quoted at N305.8 on the official market while black market rate stood at N455 to the Greenback.

There was liquidity boost in the Bureau De Change and parallel market
segments as the Apex Bank continued its intervention on the official
market which aims at supporting the currency.

Naira also remained stable against the Pound Sterling and Euro as it
traded at N545 and N470 to the pound sterling and Euro in that order.

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