Capital Market Featured Finance

Naira loses marginally against the dollar at parallel market

By Aliyu DANLADI

The Naira on Thursday lost marginally against the dollar at the parallel market in Lagos, exchanging at N359.2 to the dollar.

The Nigerian currency had traded at N359 on Wednesday, while the pound Sterling and the Euro closed at N481 and N416.5, respectively.

At the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar, while the Pound Sterling and the Euro closed at N481 and N416.5, respectively.

Trading at the investors’ window saw the naira close at N362.25, while it closed at N305.70 at the CBN official window.

Currency traders attributed the marginal loss to low activities at the market and the boost in liquidity at the foreign exchange market by the CBN.

Related posts

25% of 2022 capital expenditure may not be funded – Economists

Our Reporter

Trade: FG tasks West African countries on monetary policies, equal treatment, opportunities for citizens

Editor

Full deregulation is way forward for petroleum sector, say oil majors

Our Reporter

FG commends NARD for suspending 63-day-old strike, offers N47bn as hazard allowance

Our Reporter

Demolition: Ikorodu landlords appeal to Lagos for compensation

Editor

Uncertainty as stiffer foreign travel protocols begin today 

Our Reporter