Thursday, May 13, 2021

Naira remain stable at N360 to dollar at parallel market


Jaafar Jaafar
Jaafar Jaafar is a graduate of Mass Communication from Bayero University, Kano. He was a reporter at Daily Trust, an assistant editor at Premium Times and now the editor-in-chief of Daily Nigerian.
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The Naira on Friday remained stable at the parallel market in Lagos, exchanging at N360 to the dollar.

DAILY NIGERIAN reports that the Nigerian currency had traded at same rate for the past two days, while the Pound Sterling and the Euro closed at N480 and N421 respectively.

At the Bureau De Change, BDC, window, the Naira also closed at N360 to the dollar, while the Pound Sterling and the Euro traded at N480 and N421, respectively.

Trading at the investors’ window saw the naira close at N361.32, while it exchanged at N305.75 to the dollar at the Central Bank of Nigeria (CBN) official window.

Traders expressed optimism that the naira would remain stable in the weeks ahead as the CBN continues its interventions at the foreign exchange market.


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