UPDATE! Naira FOREX Rates April 8th 2016 – Parallel Market

NAIRA (N)

USD ($)

EURO (€)

GBP (£)

BUY/SELL

BUY/SELL

BUY/SELL

8/4/2016

319/322

355/359

445/450

7/4/2016

318/322

355/360

445/450

6/4/2016

318/322

355/360

445/450

5/4/2016

318/321

355/358

445/452

4/4/2016

318/320

355/358

445/455

 

Friday, April 8, 2016

The Naira rebounded slightly against the dollar to close at N322 at the end of the trading day and trading week on hopes of an Oil output freeze by OPEC and other oil producing nations. Sentiments on the president signing the budget in the coming weeks also hope boost the Naira at close.

Traders remain cautious based on low trading activity due to uncertainly on the demand and supply side. The trading week closed with Naira showing stability trading between 320-324 throughout the week.