Breaking News
Translate

Naira gains 50 kobo at parallel market, to trade at N358.5 to dollar

The Naira on Monday gained 50 Kobo to trade at N358.5 to the dollar at the parallel market in Lagos, slightly stronger than N359 traded on Friday.

Naira
Naira

The Pound Sterling and the Euro closed at N458 and N403 respectively.

The naira traded at N360 to the dollar at the Bureau De Change (BDC) segment, while the Pound Sterling and the Euro exchanged at N458 and N403, respectively.

Trading at the investors window saw the naira closing at N361.48 to the dollar as market turnover stood at 231.92 million dollars.

Naira gains marginally against dollar at parallel market(Opens in a new browser tab)

The News Agency of Nigeria (NAN) reports that the naira had been relatively stable at the parallel market due largely to the interventions of the CBN.

Activities at the market, however, remained slow on Monday as traders await the outcome of the Monetary Policy Committee (MPC) meeting of the CBN.(NAN)

Vanguard

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.