The Nigerian Naira on Friday, April 28 stayed firm against the American Dollar at the parallel market,. otherwise known as the black market.
According to report, the Nigerian currency closed at N390 to the Dollar and N415 against Euro as it was yesterday. However, the local currency appreciated against the Pound Sterling as it closed at N485, ten points better than the N495 rate previously.
However, traders at the market are hopeful that the Naira would bounce back as the CBN sustained liquidity boost at the BDC sub-sector.