Naira appreciates against Dollar & Euro

The Nigerian Naira on Tuesday, February 7, stayed unchanged to trade at N498 against the United States dollar in black market. The development came barely few hours after the naira touched 500/dollar briefly but returned to 498/dollar.

The Naira also maintained the same exchange rate against the Pound Sterling as it still trades at N616 at parallel market. However, the local currency strengthened against Euro as it now exchanges at N528 as against the N530 rate of yesterday, February 6.