The Nigerian Naira on Tuesday, January 10, strengthened against Pound Sterling at the parallel market.
According to reports, the Naira has gained eight points over pound as it now trades at N592/£1, as against N600/£1 it traded on Monday, January 9.
Dollar to Naira
READ ALSO: Naira strengthens to N490 per dollar at parallel market
However, the local currency crashed against Euro, dropping four points to trade at N510 per Euro as against the N506 rate it was yesterday.
Economic experts have predicted that the Naira will strengthen further in the near term as Bureau De
Change operators expect dollar supplies from international money transfer agents to boost liquidity.
This is perhaps why the local currency has maintained the N490/$1 rate it was yesterday.
Meanwhile, you can check out ZENITHBLOG.com BDC market here.
360naze
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