Naira Remains At N321 To Dollar At Parallel Market

The Naira on Friday traded at N321 to the dollar at the parallel market.

The NAN reports that the Naira remained stable at N321 for almost a week.

However, the Pound Sterling and the Euro exchanged at N467 and N365 respectively.

Meanwhile, the Naira remained at N197 to the dollar at the official Central Bank of Nigeria (CBN) rate.

Traders attributed the stability in the price of the Naira to activities of currency hoarders who anticipated a new policy direction with the passage of the budget.

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