Capital Market Featured Finance

Naira exchanges at N359.4 to dollar at parallel market

The naira on Monday traded at N359.04 to the dollar at the parallel market in Lagos.

The Pound Sterling and the Euro closed at N465 and N404, respectively.

At the investors window, the naira closed at N360.59 to the dollar , as market turnover stood at 217.08 million dollars.

Trading at the Bureau De Change (BDC) segment saw the naira closing at N360 to the dollar while the Pound Sterling and the Euro traded at N465 and N404, respectively.

TBI Africa said the News Agency of Nigeria (NAN) reports that the naira has remained stable at the market hovering around N360 to the dollar across the different FX windows.

The Central Bank of Nigeria( CBN) has continued to intervene in the foreign exchange market to ensure the stability of the exchange rate.

The investors’  window alone had traded 48 billion dollars since inception.

 

Related posts

Why Current Electricity Tariff Hike Is Fraudulent’

Our Reporter

Subscribers to CMB real estate cry out over fraud

Our Reporter

NPA expects 24 ships with petroleum products, others at Lagos ports

Meletus EZE

Queen Elizabeth to address Britons on coronavirus crisis April 5

Meletus  EZE 

Supreme Court ruling: Business operators anxious to hear from Buhari, Emefiele on Naira policy

Editor

Air Peace becomes first airline to operates from New MMIA terminal 2

Our Reporter