Banking Capital Market Featured Finance

Naira hedges against dollar at parallel market

By Kunle SHONUGA

The Naira on Wednesday exchanged at N359.80 to the dollar at the parallel market in Lagos  gaining  20 kobo from N360 exchanged on Tuesday.

The Pound Sterling and the Euro, however, closed at N482 and N419, respectively.

At the Bureau De Change (BDC) segment, the naira traded at N360 to the dollar, while the Pound Sterling and the Euro exchanged at N482 and N419, respectively.

Trading at the investor’ window saw the naira close at N360.91 to the dollar, while it exchanged at N305.75 at the CBN official window.

Traders said they expected the naira to remain stable as the CBN continues its interventions at the foreign exchange market.

Related posts

Eko DisCo meets with Power Minister, TCN, others to improve supply

Emeka Ugwuanyi

Court seals off Abuja Banex plaza

Editor

TCN to carry out annual maintenance on Gwagwalada substation – Official

Our Reporter

COP26 opens in Glasgow with calls for ambitious solutions to tackle climate emergency

Shile GIWA

2 helicopter pilots arrested, arraigned in PH

Meletus EZE 

International airfares rise as naira crashes on IATA platform

Our Reporter