Naira gains 40kobo against dollar at parallel market

The Nigerian currency, Naira gained 40k against the dollar at the end of trading, exchanging at N359.60k stronger than N360 traded last Thursday.

The Pound Sterling and the Euro closed at N469 and N413 respectively.

At the Bureau De Change (BDC) window, the Naira exchanged at N360 to the dollar, while the Pound Sterling and the Euro closed at N469 and N413 respectively.

Trading at the investors’ window showed that the naira gained 30k to close at N362.50 from N362.53 traded on Wednesday, posting a turnover of 606.21 million dollars, while the Naira was sold at N306.10 at the Central Bank of Nigeria (CBN) official rate.

It would be recalled that the naira had remained stable at the foreign exchange market, due largely to the series of interventions by the Central Bank of Nigeria.

Related Post

Leave a Reply

WP Twitter Auto Publish Powered By : XYZScripts.com