Naira weakens marginally against dollar at parallel market

March 20, 2019

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Ibrahim Ramalan is a graduate of Mass Communications from the Ahmadu Bello University (ABU) Zaria. With nearly a decade-long, active journalism practice, Mr Ramalan has been able to rise from a cub reporter to the exalted position of an editor; first as Arts Editor with the Blueprint Newspapers before resigning in 2019; second and presently as an Associate Editor of the Daily Nigerian online newspaper. He can be reached via ibroramalan@gmail.com, or www.facebook.com/ibrahim.ramalana, or @McRamalan on Twitter.

The Naira on Wednesday lost marginally to the dollar at the parallel market in Lagos exchanging at N358.2 to the dollar, weaker than N358 traded on Tuesday.

The Pound Sterling and the Euro closed at N472 and N408, respectively.

At the Bureau De Change, BDC, segment, the naira traded at N360 to the dollar, while the Pound Sterling and the Euro closed at N472 and N408, respectively.

Trading at the investors window saw the naira closing at N360.40 as market turnover stood at 129.18 million dollars.

NAN

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