Naira Closes At N359.3 To Dollar At Parallel Market

The Naira, on Monday, traded at N359.3 to the dollar at the parallel market in Lagos.

The Pound Sterling and the Euro closed at N463 and N407 respectively.

At the Bureau De Change (BDC) segment, the naira exchanged at N360 to the dollar, while the Pound Sterling and the Euro closed at N463 and N407, respectively.

Trading at the investors’ window saw the naira closing at N360.89 to the dollar as market turnover stood at 98.03 million dollars.

The naira had remained stable at the foreign exchange market due largely to the interventions of the CBN.

The Apex bank has not relented in its weekly injection of Forex to the market in the defence of the naira.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.