Capital Market Featured Finance

Naira loses marginally against dollar at investors’ window

By Aliyu DANLADI

The Naira on Wednesday lost marginally against the dollar at the investors’ window.

It exchanged at N363.58, weaker than N363.54 traded on Tuesday.

Investors settled for 228.8million dollars at the close of trading at the investors’ window.

At the official Central Bank of Nigeria (CBN) window, the Naira closed at N306.65 to the dollar.

The Naira remained stable at the parallel market closing at N360.5 to the dollar, while the Pound Sterling and the Euro exchanged at N480 and N418, respectively.

Trading at the Bureau de Change (BDC) segment saw the Naira close at N360 to the dollar, while the Pound Sterling and the Euro exchanged at N480 and N418, respectively.

The efforts of the CBN’ intervention had made the exchange rate stable and also lead to the stability of goods and services in the country.

Also remittances from Nigerians living abroad had helped in improving inflows to the country.

Related posts

OAU student death: Why we haven’t charged Adedoyin to court, declared his son wanted — PPRO

Our Reporter

Ooni picks leading artistes to undertake Yoruba culture revival

Editor

CSR: Dana Air to absorb, train over 50 corp members, interns

Editor

SON alerts on cancer-causing substance in school uniforms from china

Editor

External reserves drop by $950m in 17 days — CBN report

Editor

Navy arrests suspected smuggler with diesel worth N1.17bn

Editor