Connect with us

Hi, what are you looking for?

Business News

Naira Gains Against Dollar at Parallel Market

The Naira on Tuesday gained one kobo to exchange at N359 to the dollar, stronger than N360 posted on Monday.

The Nigerian currency also traded at N479 and N410 against the Pound Sterling and the Euro at the parallel market.

At the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar while the Pound Sterling and the Euro closed at N479 and 410.

Trading at the investors’ window saw the naira closed at N362.11 to the dollar with a market turnover of 146.49 million dollars while the naira closed at N306.20 to the dollar at the CBN window.

Meanwhile, some analysts said the naira would remain stable for the remaining part of the year as CBN continued with its interventions at the foreign exchange market.

_______

Follow us on Twitter at @thesignalng

Copyright 2018 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant sources.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Related

News

Financial experts and seasoned economists have sued for caution in the way and manner the Special investigation report on the Central Bank of Nigeria...

News

The Bank of America predicts that the naira will settle at N680 to the dollar by the end of the year, as the currency...

News

President Buhari has asked the CBN to consider recommendations offered by the Ado Doguwa-led House of Representatives’ ad-hoc Committee on Naira Re-design, Cashless Policy...

News

Supporters of the new Naira policy of the Federal Government, who were embarking on a peaceful street protest, came under heavy attack by thugs...

Copyright ©