Nigeria’s Naira Appreciates Against Foreign Currency

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The Nigerian Naira on Wednesday, October 4, appreciated against the American Dollar, Pound Sterling and Euro at the parallel market.

The Nigerian currency trades at N363, N480 and N421 against the Dollar, Pound Sterling and Euro respectively.

CBN has reiterated it’s determination to sustain the provision of foreign exchange.

The local currency has strengthened to N363 per US dollar as against the N364 rate it was on Tuesday, October 3.

The Naira also appreciated to N421 against the Euro from the previous rate of 427, while the local currency appreciated to N480 against the Pound from the previous rate of N485.