One dollar is now exchanging at N184, Google Currency, a software code that is designed to convert one currency into another in order to check its corresponding value, showed on Friday.
Naija News understands that the N184 to $1 is just a glitch in Google’s software.
The Central Bank of Nigeria (CBN), Nigeria’s apex bank, sold the greenback to Bureau De Change (BDC) operators at N357 per dollar on Friday.
This online news platform understands that the naira gained N1 to close at N358 to the dollar at the parallel market in Lagos, Nigeria’s commercial city on Friday.
The naira traded stronger on the eve of elections than Thursday when it closed at N359 to a dollar.
On the other hand, the Pound Sterling was sold at N470 and the Euro at N408.
Similarly, the naira traded at N360 to the dollar at the Bureau De Change (BDC) segment, while the Pound Sterling and the Euro closed at N470 and N408.
Trading at the investors’ window saw the naira closed at N361.49 to the dollar as market turnover stood at 292.34 million dollars.
Meanwhile, Naija News reports that the traders said that the demand for the dollar was low as the market was already in an election mood.
Nigeria’s Presidential election is scheduled to hold Saturday, February 23 after the Independent National Electoral Commission (INEC) moved it from its earlier scheduled date of February 16.