Naira falls to 620 against Pound, as Euro rises

The Naira tumbled to 620 against the British Pound sterling at the parallel market on Thursday, even as the Euro rose to N565.
The Naira fell by 2.1 percent against the pound from 607 on Wednesday, and by 1.4 per cent against the euro from 560.
The local currency was, however, stable against the dollar at the parallel market as it traded at 478/$1. It dropped from 475/$1 on Tuesday to 478/$1 on Wednesday. 
The Central Bank of Nigeria has kept the official exchange rate at N379/$1 since August, when the naira was devalued for the second time this year from 360 per dollar. It was first devalued to 360 in March from 306.
Meanwhile, the nation’s forex reserves stood at $35.54bn as of November 17, down from $35.69bn on October 28, according to the CBN. End 

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