Naira appreciates against Pound, maintains position for Dollar

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[BDC]–The Naira has appreciated against Pound but has maintained it position against Dollar and Euro at the parallel market on Friday, April 28.

According to Naij, the local currency appreciated against the Pound Sterling as it closed at N485, ten points better than the N495 rate previously.

On the other hand, the Nigerian currency closed at N390 to the Dollar and N415 against Euro as it was yesterday.

THE PAGE had earlier reported that the Central Bank of Nigeria (CBN) has introduced the use of FORM X, which require basic documentation, by Small and Medium Enterprises (SMEs) to improve their access to foreign exchange and boost liquidity.

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