Naira remains firm, as Christmas approaches

By Tosin Fodeke

FOLLOWING the Central Bank of Nigeria (CBN)'s pledge to keep the exchange rate value below N150 per dollar, the naira recently remained stable in the days running to Christmas.

Tied at N147.6 per dollar at the official market, the naira maintained a stable streak, as it stayed at N147.5 all through the week.

Against the Euro, the naira lost its value, losing 17 kobo to drop from N211.93 to N212.10 at the official market, while the British Pound gained 96 kobo to rise from N238.12 to N239.08.