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Naira appreciates at internal market.

The Naira on Monday gained 50k to exchange at N305 to dollar at internal market, the  agency of Nigeria, NAN, reports. The Nigeria currency had closed at N305.50 foremost part of last week at internal market.  However,  Naira  remained stable at the parallel market, closing at N465 to a dollar while pound sterling and Euro exchange at N565 and N490 respectively. Trading at bureau De change (BDC) window saw Naira Closing at N390 to a dollar, CBN controlled rate while pound sterling and Euro traders at N562 and  N500 respectively. Currency  traders said  that uneasy claim had prevailed at the market due to its raid by officials of the state security service (sss) in some parts of the  country.
In spite of the raid,  the Naira had remained pretty  stable. Meanwhile, stakeholders expect the monetary policy committee(MPC) meeting being held in Abuja to come with policies that would lead to a greater flexibility Of The exchange rate.

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