Business Nigeria - 08/05/2017: Today's Naira Rate Against The Dollar, Pounds And Euro



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Nigerian naira opened flat at 391 per dollar on Monday as CBN said it would sustain its foreign exchange intervention into various segments of the market.

Table below shows today's (08/05/2017) exchange rate of the Nigerian Naira against the Dollar, Pound and Euro


Meanwhile, manufacturers have praised the bank for its foreign exchange management strategy adopted recently.

The Director General of Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadiri, was recently quoted as saying the “the recent pronouncement of the CBN comes as a relief. If the intervention is sustained, there’s no doubt that we will have continued improvement in sourcing raw materials.”