Nigerian Naira Loses Marginally Against Dollar At Parallel Market

Date:

Naira
Nigerian currency

 

The Naira on Monday lost 50 kobo to close at N360.5 to the dollar, weaker than N360 posted on Friday at the parallel market in Lagos.

The Pound Sterling and the Euro closed at N480 and N417, respectively.

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 N480 and N417, respectively.

Trading at the investors’ window saw the Naira closed at N364. 09, while the market turnover stood at 168.96 million dollars.

Currency traders opined that the build up to the 2019 general elections made the market vibrant due to increase in patronage.

NAN

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Share post:

Popular

More like this
Related

Exit From Contributory Pension Scheme, Jubilant Police Retirees Plead For Tinubu’s Quick Assent

Amidst joyous mood following the recent passage of the...

Nigerian Government Rallies Professional Groups to Curb Quackery in Mining

By Martha Agas The Federal Government of Nigeria has urged...

Abuja Hospital Performs First Open-Heart Surgery, SBRT In West Africa

By Sunday Elijah, West Africa marked a medical milestone this...

How Democratic Republic Of Congo’s (DRC) Equateur Province Turned The Tide On Mpox

In Mbandaka, the capital of the Democratic Republic of...
Enable Notifications OK No thanks