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The Naira on Wednesday remained stable at the parallel market, exchanging between N365 and N367 to the dollar.
The Pound Sterling and the Euro traded at N476 and N436, respectively.
At the Bureau De Change (BDC) window, the Naira was sold at N363 to the dollar, while the Pound Sterling and the Euro closed at N476 and N436, respectively.
Trading at the investors’ window saw the Naira close at N360.22, while the CBN rate closed at N306 to the dollar as traders blame dollar scarcity for the volatility in rates.
The Central Bank of Nigeria (CBN) has earlier given assurances that its robust foreign exchange policy and interventions at the FOREX market would engender exchange rate stability.
The apex bank also expressed confidence that with improved economic fundamentals, its policies will support a stronger industrial climate for local production.
The CBN had injected over 3.6 billion dollars in series of interventions at the FOREX market in the last six months.
