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Naira maintains stability, exchanges for N474/$

Adewale Nurudeen



Naira declines steeply in I&E forex market

The Naira exchanged to the Dollar in the parallel market at N474/$ on Thursday.

The naira which recorded slight improvement in recent days continued to maintain stability as it closed at the Importer & Exporter forex window at N394.6/$.

The Central Bank of Nigeria (CBN) also retained the official exchange rate at N379/$ according to its website.

The Bureau De Change (BDC) operators had attributed fluctuations the naira is currently experiencing to speculative activities of some operators.