Breaking News
Translate

Naira closes at N362.94/dollar at I & E window

Kindly Share This Story:
Naira
Naira-Dollar

The Naira on Monday closed at N362.94 to a dollar at the investors (I&E) window.

The Market turnover at the window stood at 83.77 million dollars.

At the official Central Bank of Nigeria (CBN) window, a dollar was sold at N306.95.

READ ALSO:Governors’ demand for dollar payments: The way forward!

The Naira exchanged at N360 to the dollar at the parallel market in Lagos, while the Pound Sterling and the Euro traded at N476 and N398 respectively.

The News Agency of Nigeria (NAN) reports that the future of the Naira had been the focus of debate with economists postulating on its possible devaluation in 2020.

However, the CBN in it’s first Monetary Policy Committee (MPC) in 2020 sai that Naira devaluation was the way to go.

CBN Governor, Mr Godwin Emefiele, noted that the bank has sufficient foreign reserve to defend the Naira without choosing the option of devaluation.

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.

Disclaimer

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!