Capital Market Finance

Naira closes at N359.3 to dollar at parallel market

The Naira on Monday traded at N359.3 to the dollar at the parallel market in Lagos.

The Pound Sterling and the Euro closed at N463 and N407 respectively.

At the Bureau De Change (BDC) segment, the naira exchanged at N360 to the dollar, while the Pound Sterling and the Euro closed at N463 and N407, respectively.

Trading at the investors window saw the naira closing at N360.89 to the dollar as market turnover stood at 98.03 million dollars.

The naira had remained stable at the foreign exchange market due largely to the interventions of the CBN.

The Apex bank has not relented in its weekly injection of Forex to the market in the defence of the naira.

 

Related posts

Euro falls to a one-week low after weak manufacturing surveys

By Aliyu DANALADI

Experts charge oil, gas regulators on full implementation of PIA

Editor

$2.3tn needed to resolve infrastructure challenges – Finance minister

Our Reporter

Remove hindrances to cement manufacturing in Nigeria, Ex-CBN Director urges FG

Aliyu DANLADI 

Customers groan as cash-strapped banks slash withdrawal limits

Our Reporter

Why we are increasing borrowing, by FG

Our Reporter