Naira Maintains Strength Against Dollar As Nigeria Gradually Gets Out Of Recession (See New Details)

The Nigerian Naira on Monday, July 17, maintained its strength at the parallel market as it stayed unchanged against the Dollar, Pound Sterling and Euro.

According to NAIJ.com’s findings, the local currency closed the day at N367, N470 and N420 against the Dollar, Pound Sterling and the Euro respectively.

This comes even as President, Association of Bureau De Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, disclosed that the nation’s currency would remain stable in the months to come as long as the CBN sustains its interventions at forex market.

Gwadabe said that the sustained injection of liquidity to the nation’s foreign exchange market had paralysed the activities of speculators.

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