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

COVID-19: Ikeja Electric moves all transactions online

Meletus EZE 

NERC develops framework to address TCN, Discos conflicts

Our Reporter

Shell, ERA/FOEN differ over allege dumping of toxic waste

Our Reporter

Lagos-Ibadan Expressway Accident: FRSC summons transport coy

Editor

Economy’ll be 21% digital driven by 2021 –Pantami

Our Reporter

Stakeholders seek dissolution of Kwara APC Executive

Editor