BREAKING: Naira rises to N410 per Dollar at parallel market
The Nigerian Naira on Wednesday, March 22, gained massive 20 points against the American Dollar, Pound Sterling and 15 points against the Euro at parallel market.
According to reports, the Naira now trades at N410 per Dollar from the previous rate of N430.
The local currency also rose to N510 per Pound from the previous rate of N530 and N435 against the Euro as against the previous rate of N450.
The massive gain is coming as the Central Bank of Nigeria on Monday, March 20, injected additional 180 million dollars, since February when it started its intervention to meet bids for wholesale auction and requests for invisibles such as medicals, school fees and personal travel allowances.