See The Latest Naira - Dollar Exchange Rate In The Parallel Market ( Read )

See The Latest Naira - Dollar Exchange Rate In
The Parallel Market ( Read )

The Naira on Thursday depreciated
marginally against the dollar at the parallel
market, exchanging at N365.5 to the dollar.

The News Agency of Nigeria (NAN) reports that
the Nigerian currency lost 50 kobo from N365
posted on Wednesday, while the Pound
Sterling and the Euro closed at N487 and
N436.

At the Bureau De Change (BDC) window, the
Naira traded at N362 to the dollar, while the
Pound Sterling and the Euro closed at N487
and N436.

Trading at the investors’ window saw the
Nigerian currency closing at N360.33 to the
dollar.

Traders said high demand for the Naira led
to its slight depreciation at the market.
The Naira remained stable for more than five
months, exchanging at N365 to the dollar.

The rise in the nation’s external reserve made
the CBN comfortable in its aggressive
interventions at the foreign exchange market.
NAN