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

CBN to eliminate multiple exchange rates regime- Emefiele

Our Reporter

FG, AfDB inaugurate $256m intervention projects for North-East

Editor

U.S. suspends 44 flights by Chinese carriers after China action

Our Reporter

We notified NOSDRA on oil well fire – Aiteo

Editor

UK minister defends giving Brexit ferry contract to company with no ships

Editor

NPA expects 26 ships with petroleum products, others at Lagos ports

Shile GIWA