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

Nigeria spends N643.6bn on domestic debt servicing in Q1, says DMO

Editor

FG stops cash payment of estacode to workers

Editor

Buhari urges American investors to invest in Nigeria 

Our Reporter

Lekki/Ikoyi Bridge: Lagos govt. begins full implementation of cashless toll Jan. 20

Meletus EZE

Naira appreciates against dollar at Investors and Exporters window

Our Reporter

Lagos discovers new soccer talents at BAT 2021 CUP- Speaker

Shile GIWA