The
naira has traded flat on the parallel market at around 363, mirroring rates for
investors.
On
the official market the naira has been quoted at around 305 per dollar for more
than three months and is expected to trade at this level next week.
The naira is expected
to remain stable across its multiple exchange rates as the currency hit a
resistance level for investors and the Central Bank of Nigeria continues to
intervene on the official market.
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