Categories: Business and Banking

Naira gains against dollar at parallel market

The Naira on Tuesday gained one kobo to exchange at N359 to the dollar, stronger than N360 posted on Monday.

The Nigerian currency also traded at N479 and N410 against the Pound Sterling and the Euro at the parallel market.
At the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar while the Pound Sterling and the Euro closed at N479 and 410.

Trading at the investors’ window saw the naira close at N362.11 to the dollar with a market turnover of 146.49 million dollars while the naira closed at N306.20 to the dollar at the CBN window.

Meanwhile, some analysts said the naira would remain stable for the remaining part of the year as CBN continued with its interventions at the foreign exchange market.

Naira gains against dollar at parallel market was last modified: September 5th, 2018 by Francis Belux
Francis Belux

Share
Published by
Francis Belux
Tags: dollarkobonaira

Recent Posts

APC reschedules presidential primary for Sept. 25

The All Progressives Congress’ (APC) National Working Committee (NWC) says the party’s presidential primary will hold on Sept. 25 as…

2 mins ago

610,000 Niger Deltans benefit from Shell’s free health scheme

The Shell Petroleum Development Company (SPDC) says  no fewer than 610,000 people in Niger Delta have so far benefitted from…

1 hour ago

2019 election: Church of Nigeria urges political leaders to preserve peace

The Church of Nigeria, Anglican Communion has called on political leaders to promote peace in the country as preparations for…

1 hour ago

6 employees in court for allegedly stealing N3m theft

An employee of a thrift collection company, Unilamb Global Savings Company, Ogechi Okoli, 28, and five other accused who are…

2 hours ago

NAPTIP, Benin Zonal command arrests child abuse suspect

The Benin Zonal Command of the National Agency for the Prohibition of Trafficking in Persons (NAPTIP) said it had arrested…

2 hours ago

NACETEM D-G advises researchers to carry out `opportunity analysis’ of products

Prof. Okechukwu Ukwuoma, Director-General, National Centre for Technology Management (NACETEM) has advised researchers to carry out opportunity analysis of products…

2 hours ago