4.3 C
New York
Thursday, April 18, 2024
HomeBankingNaira enters new week on a high note

Naira enters new week on a high note

The Naira strengthened further against the dollar at the weekend as it exchanged for N364 per dollar at the parallel market.

The Naira had on Friday closed at N365 rate per dollar.

But the weekend jump followed two interventions, last week, by the Central Bank of Nigeria (CBN), which totalled $449.3 million.

CBN had last Monday injected the $195 million into various segments of the inter-bank market.

Advertisements
Those seeking forex for business and personal travel, tuition and medical bills, among other invisibles, received the sum of $45m.

On Friday, the apex bank again injected $254.3 million towards the end of daily transactions.

He said intervention covered companies in the raw materials, agriculture, airline and petroleum industry.

Advertisements

RELATED ARTICLES

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.

- Advertisment -

Most Popular

Recent Comments

Onuegbu Chuks Theophilus on Mikel Obi quits Super Eagles
Thomas H. Anderson on Roman Goddess_3
Oladimeji Emmanuel on Obama sends investors to Buhari