4.3 C
New York
Thursday, April 25, 2024
HomeBankingNaira hedges against dollar at parallel market

Naira hedges against dollar at parallel market

The naira on Wednesday exchanged at N359.80 to the dollar at the parallel market in Lagos gaining 20 kobo from N360 exchanged on Tuesday.

The Pound Sterling and the Euro, however, closed at N482 and N419, respectively.

At the Bureau De Change (BDC) segment, the naira traded at N360 to the dollar, while the Pound Sterling and the Euro exchanged at N482 and N419, respectively.

Trading at the investor’ window saw the naira close at N360.91 to the dollar, while it exchanged at N305.75 at the CBN official window.

Advertisements

Traders said they expected the naira to remain stable as the CBN continues its interventions at the foreign exchange market.

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