Monday , August 8 2022

Naira Retain Strength Against Dollar At Parallel Market…Here Are The Latest Foreign Exchange Rates

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The Nigerian Naira on Tuesday, March 20, retained its strengthened rate at the parallel market against Dollar.
Findings reveal that the nation’s currency maintained the same rates of N362 against Dollar at the parallel market as it was yesterday, March 19, but fell slightly against Euro.
The Central Bank of Nigeria (CBN), on Monday, March 19, injected $210 million into the inter-bank Foreign Exchange Market, in its bid to sustain liquidity in the foreign exchange market.
The acting director, corporate communications department, Isaac Okoroafor in a statement said that the move would ensure the continuous availability of foreign exchange to customers.
Giving a breakdown, Okoroafor said that the bank offered 100 million dollars to authorised dealers in the wholesale segment of the market, while the Small and Medium Enterprises segment received 55 million dollars.
Here are the current foreign exchange rates as published by The Guardian;

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About Chinenye Nwabueze

Nwabueze is a writer with passion for cutting-edge news

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  1. Casmir Obiakor ONWA


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