Banking Capital Market Featured Finance

Naira hedges against dollar at parallel market

By Kunle SHONUGA

The Naira on Wednesday exchanged at N359.80 to the dollar at the parallel market in Lagos  gaining  20 kobo from N360 exchanged on Tuesday.

The Pound Sterling and the Euro, however, closed at N482 and N419, respectively.

At the Bureau De Change (BDC) segment, the naira traded at N360 to the dollar, while the Pound Sterling and the Euro exchanged at N482 and N419, respectively.

Trading at the investor’ window saw the naira close at N360.91 to the dollar, while it exchanged at N305.75 at the CBN official window.

Traders said they expected the naira to remain stable as the CBN continues its interventions at the foreign exchange market.

Related posts

National Theatre GM assures creative industry stakeholders of utmost security

Our Reporter

Zimbabwe minister sees inflation below 10% from 59.39% by Dec

Editor

Osinbajo to test run Lagos-Ibadan standard gauge train Feb. 6 — Minister

Editor

Akwa Ibom Open for Business Through Aviation

Our Reporter

TB Joshua laid to rest at SCOAN

Shile GIWA

IPMAN hands over trucks laden with illegally refined petrol to Police in Bayelsa

Abisola THOMPSON