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Naira stabilises at N485, N515 & N602 to Dollar, Euro & Pound respectively at Parallel Market



Naira-and-dollar-600x1991The Naira on Friday remained stable at the parallel market, exchanging at N485 to a dollar.

The Pound Sterling and the Euro closed at N602 and N515, respectively.

At the interbank market, the Naira also remained stable at N305.50 to a dollar.

Trading at the Bureau De Change (BDC) window saw the Naira sold at N399 to a dollar, CBN controlled rate, while the Pound Sterling and the Euro exchanged at N606 and N515, respectively.

Traders at the market said that the scarcity of dollar persisted, leading to slow activities.


  1. Fille

    December 10, 2016 at 7:21 am

    *sigh* It’s so sad that Nigeria ever got here. Was planning on taking a foreign professional exam that used to be #32,000 now it’s a whooping #100,000 ☹️God will help us in this country.

    • nene

      December 10, 2016 at 7:23 pm

      very terrible

    • Ozyy

      December 11, 2016 at 11:23 am

      Sounds like the ACCA. just try my dear, don’t let anything bring you down..its jst a phase


    December 10, 2016 at 2:16 pm

    You haven’t seen nothing yet. Just wait until after Buhari gets his hands on the 30billion dollar loan he’s been yearning for. Then, feel free to tell me how you feel about the economic situation in the Country then. Nigerian elected leaders have mortgaged the future of Nigerians born and unborn by Implementating one crazy economic policies or the other. Nigeria’s problem is beyond prayers. A word is enough for the wise. I ‘ m just saying.

  3. Bey

    December 10, 2016 at 3:18 pm

    This is what they call stable ?
    I laught in Japanese……………….
    Glad I atleast travelled when I did. Taking a holiday now is a luxury……… Nawa.
    Things are just getting worse and they call this stable.

  4. Bright Ezike

    December 10, 2016 at 6:35 pm

    I guess the free fall of Naira is not government policies alone but the attitude of get rich today and die young tomorrow that flows in most blood of Nigerians that makes them speculate heavily against the Naira & everyone is feeling the pains; both Low and mighty.

  5. nene

    December 10, 2016 at 7:22 pm

    are people stills ending their kids abroad? how are boutique owners coping? taking a holiday now is a luxury.

  6. mrs chidukane

    December 10, 2016 at 7:56 pm

    I wonder if the Naira will ever get strong again. Definitely not during this administration.

  7. Humility

    December 10, 2016 at 8:21 pm

    The only currency with name and surname…..Pounds Sterling!

  8. emmanuel chukwunyelu

    December 11, 2016 at 6:34 pm

    May God have mercy and interview on the on our naira problem in jesus mighty name amen

  9. EbonyFre

    December 13, 2016 at 12:50 pm

    BN are you still using N to represent Naira? In 2016?

    Oya take ₦.

    You’re welcome

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