Breaking News
Translate

Naira gains marginally against dollar at parallel market

The Naira, on Wednesday in Lagos, gained marginally against the dollar at the parallel market, closing at N359.3 to the dollar.

Naira, CBN
Naira

The naira shed 20 Kobo from N359.5 traded on Tuesday, while the Pound Sterling and the Euro exchanged at N463 and N408 respectively.

At the Bureau De Change (BDC) segment, the naira was sold at N360 to the dollar, while the Pound Sterling and the Euro exchanged at N463 and N408 respectively.

Trading at the investors’ window saw the naira closing at N360.75 to the dollar. Market turnover at the window stood at 278.18 million dollars.

The naira exchanged at N306.90 to the dollar at the official CBN window.

Meanwhile, the CBN said it would continue with the managed float foreign exchange policy to ensure that the naira remained stable.

The Apex bank had continued its interventions at the foreign exchange market to shield the naira from the onslaught of currency speculators. (NAN)

 

All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS.

Disclaimer

Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.