Breaking News

Naira gains marginally, exchanges at N358.5 to dollar

Kindly Share This Story:

Lagos – The Naira on Thursday gained marginally to the dollar at the parallel market in Lagos, exchanging at N358.5 to the dollar.

The Pound Sterling and the Euro closed at N462 and N407, respectively.

At the Bureau De Change (BDC) segment, the naira was sold at N360 to the dollar while the Pound Sterling and the Euro traded at N463 and N407, respectively.

Trading at the investors’ window saw the naira closing at N361.62 to the dollar as market turnover stood at 279.72 million dollars.

The  Central Bank of Nigeria (CBN) has continued with its interventions at the foreign exchange market aimed at greater stability of the naira.

The Apex bank had on Tuesday injected 210 million dollars to the market.

Naira converges around N360/$ at major Forex markets (Opens in a new browser tab)

The sum was shared among authorized dealers, SMEs and for invisibles such as travelling allowances. (NAN)


Kindly Share This Story:
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.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.
Do NOT follow this link or you will be banned from the site!