The Nigerian naira has continued its struggle against major currencies as it managed to remain stable.
Naira and dollar
Following days of instability, the naira has rallied to remain stable against the dollar, closing at N475/$1 at the parallel market on Monday, December 14, 2020.
Also at the NAFEX window, the naira remained stable against the dollar to close at N394/$1 during intra-day trading on Monday, December 14.
The World Bank had said that steps taken by Nigeria to unify its multiple exchange rates have not been enough according to Bloomberg.