Capital Market Featured Finance

Naira remains stable at N360.5 to dollar at parallel market

By Giwa SHILE

The Naira on Friday remained stable at the parallel market in Lagos, exchanging at N360.5 to the dollar.

The Pound Sterling and the Euro closed at N480 and N418 respectively.

Trading at the Bureau De Change (BDC) window saw the naira close at N360 to the dollar, while the Pound Sterling and the Euro closed at N480 and N418 respectively.

At the investors’ window, the naira was sold at N363.74 to the dollar while it closed at N306.60 to the dollar at the official CBN window

Investors settled for 226.35 million dollars at the investors’ window.

The  naira remained stable at the parallel market since Monday

The CBN has continued to intervene at the foreign exchange market to ensure the stability of the naira.

Related posts

Analysts Seek Subsidy on Food Production, FX Liquidity

Our Reporter

FG launches Nigerian made barites, to ban importation 2022

Emeka Ugwuanyi

Navy, EFCC commits to tackling crude oil theft in Rivers

Shile GIWA

Gridlock persists as trucks return to Apapa roads

Our Reporter

Africa’s pharmaceutical market fastest growing globally with estimate of $60bn by 2020 –UNIDO

Editor

External reserves fall by $1.8bn in 10 weeks – Report

Editor