Featured

Naira loses marginally against dollar at parallel market

By Aliyu DANLADI

The Naira on Monday lost 50 kobo to close at N360.5 to the dollar, weaker than N360 posted on Friday at the parallel market in Lagos.

The Pound Sterling and the Euro closed at N480 and N417, respectively.

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 N480 and N417, respectively.

Trading at the investors’ window saw the Naira closed at N364. 09, while the market turnover stood at 168.96 million dollars.

Currency traders opined that the build up to the 2019 general elections made the market vibrant due to increase in patronage.

Related posts

JTF arrests suspected oil thieves in Rivers

Our Reporter

SON urges Nigerians to patronise local products

Meletus EZE 

PIB passage, biggest enabler we need, say oil majors

Our Reporter

Baptist Church Confirms Release of 6 Abducted Bethel Students

Our Reporter

Investors shun 38% listed companies as prices traded flat

Our Reporter

Savannah Energy signs new gas sales agreement with Notore Chemical Industries 

Yunus Yusuf