Naira remains firm against dollar at forex market

The Naira on Friday remained firm against the dollar at the three market segments. The Naira was traded at 165 against the dollar as against N167 which it traded on May 26 at the market. At the official market, the currency was sold at N154.73 to the dollar remaining stable at same price since last Monday. Similarly, it stood firm against the dollar at the black market as it gained 50 kobo to sell at N166 compared with N166.50 traded on May 26.

The currency remained stable against the Pound Sterling and Euro at N278 and N233 respectively since last week at the Bureau de Change. At the official market, it was sold against the two currencies at N279 and N213 making it to shed N1 each against the two currencies. The Naira against with the two currencies was sold at N280 and N214 respectively at the black market since May 23.