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

TCN explain reasons behind delay in filing two AFS

Tonia Osundolire

Drama over planned increase in electricity tariffs  

Our Reporter

Invest in tourism to boost economy, NTDC urges private sector

Editor

Oil industry: PTDF shortlists 8,800 for overseas scholarships

Our Reporter

Offshore Technology Conference selects united against human trafficking as 2020 beneficiary

Our Reporter

Group says allegation of contract fraud against REA MD false  

Editor