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Naira loses marginally against dollar at parallel market

Ola Simeon by Ola Simeon
January 25, 2019
in Business, News
0
Diaspora Remittances: CBN flays continued remittances in Naira contrary to its directive

Naira and Dollars

The Naira, on Thursday, lost marginally to the dollar at the parallel market in Lagos exchanging at N362.5, weaker than N362 traded on Wednesday.
The Pound Sterling and the Euro closed at N466 and N411, 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 N466 and N411, respectively.
Trading at the investors window saw the Naira closing at N362.43 to the dollar
as market turnover stood at 175.3 million dollars.
As political activities gather momentum, experts argue that the Naira would continue to hover around N360 to the dollar on sustained CBN interventions.

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.