Capital Market Featured Finance

Naira gains 40k against dollar at parallel market

By Aliyu DANLADI

The Naira gained 40k against the dollar at the end of Friday trading, exchanging at N359.6 stronger than N360 traded on Thursday.

The Pound Sterling and the Euro closed at N469 and N413 respectively.

At the Bureau De Change (BDC) window, the Naira exchanged at N360 to the dollar, while the Pound Sterling and the Euro closed at N469 and N413 respectively.

Trading at the investors’ window showed that the naira gained 30k to close at N362.50 from N362.53 traded on Wednesday, posting a turnover of 606.21 million dollars, while the Naira was sold at N306.10 at the Central Bank of Nigeria (CBN) official rate.

The Naira had remained stable at the foreign exchange market, due largely to the series of interventions by the apex bank.

 

Related posts

World Bank pledges $200m to repair Ukraine energy infrastructure

Editor

Egbin, nine other power plants suffer gas shortage

Our Reporter

National Assembly to strengthen maritime laws

Meletus EZE

5G to generate $7tr by 2030 as Mupita sees tech-driven Nigeria

Our Reporter

SERAP urges UI, Adekunle Ajasin University to reverse hiked fees

thebusine

Inflation reduces by 0.18% in June – NBS

Abisola THOMPSON