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

Nigerian Army to Partake in Eko NAFEST

Our Reporter

NSE indicators up by 0.20% after weeks of downward trend

By Aliyu DANLADI

NNPC Commits to Supporting NLNG

Editor

FG borrowing to fix rail is wrong priority –PwC Tax head

Our Reporter

Lagos gridlock: IYC urges FG to open N’Delta ports as way out

Editor

Petrol station manager docked for stealing employer’s N890,790

Editor