Banking Featured Finance

Naira sells at N358.5 to dollar at parallel market

By Meletus EZE

Naira on Wednesday appreciated marginally against the dollar at the parallel market in Lagos, exchanging at N358.50 to the dollars

TBI Africa reports that the Nigerian currency was 10 kobo stronger than N358.60 to the dollar traded on Tuesday, while the Pound Sterling and the Euro closed at N478 and N417.5, respectively.

At the Bureau De Change (BDC) window, the Naira closed at N360 to the dollar, while the Pound Sterling and the Euro closed at N478 and N417.5, respectively.

Trading at the investors’ window saw the Naira close at N361.87 with a daily turnover of 168.74 million dollars, while the naira closed at N305.75 at the CBN window.

Traders expressed optimism that the naira might appreciate further at the market as the CBN continues to boost liquidity

Related posts

Police arrest man for illegal possession of firearms in Lagos

Our Reporter

Rockets fired at Kabul airport as US troops pull out

Our Reporter

Minister: Provision of electricity to rural areas by conventional means expensive

Our Reporter

U.S. man receives $10m compensation after wrongly locked up for 25 years

Editor

Badagry residents decry 4 years power outage

Editor

Sterling slips from multi-week high, volatility spikes before Brexit vote

Editor