Naira Gains In Parallel Market On Wednesday –

Spread the love

  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •   
  •  
  •  

The Naira on Wednesday gained marginally against the dollar at the parallel market in Lagos, exchanging at N358 to the dollar.

The News Agency of Nigeria reported that the naira had exchanged at N358.2 to the dollar on Tuesday.

The Pound Sterling and the Euro closed at N470 and N406 respectively.

At the Bureau De Change segment, the Naira traded at N360 to the dollar, while the Pound Sterling and the Euro closed at N470 and N406 respectively.

Trading at the investors’ window saw the Naira closing at N360.29 to the dollar as market turnover stood at $60.94m.

NAN reported that the Naira had remained stable at the parallel market, due largely to the interventions of the Central Bank of Nigeria.

(Punch)

You have a story, picture or video? Submit it here.

Copyright 2019 AIG Media Pro. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from AIG Media Pro.

Follow us on twitter @aigmediapro


Post Views:
36

Related Posts

  • 58

    The Central Bank of Nigeria has injected $210 million into the wholesale segment and other sectors of the market on Wednesday. According to figures released by the Bank, the wholesale sector of the market got another injection of $100 million, while the small and medium enterprises and invisibles sectors each…

    Tags: market, $, bank, interventions, segment, forex, dollar, exchanged, bureau, de

  • 30

    The Central Bank of Nigeria (CBN), yesterday, has injected the sum of $289.76 million into the retail secondary market intervention sales, as well as 38.7 million Chinese Yuan into the spot and short- tenored forwards segment of the inter-bank foreign market. According to Isaac Okorafor, the director, Corporate Communications Department…

    Tags: market, bank, $, nigeria, investors, window, segment, central, interventions