Naira stable against dollar as CBN meets over economy –

The Naira on Monday remained stable at the parallel market, the News Agency of Nigeria (NAN) reports.

The Nigerian currency maintained N378 to the dollar at the close of trading on Monday afternoon, keeping same value as at Friday.

Also, the naira maintained N495 to the Pound Sterling, but weakened further against the Euro, exchanging for N415, from N407 posted on Friday at the Bureau de Change (BDC) Segment of the market.

The naira continued a downward slope at the interbank segment of the market, hitting a spot rate of N309.84 to the dollar from about N300 posted on Friday.

Currency traders continued to rain counter accusations against dollar scarcity as explanation for the week performance of the Nigerian currency.