today-is-a-good-day
4.3 C
New York
Friday, March 29, 2024
HomeBankingNaira stabilises at 350 to dollar

Naira stabilises at 350 to dollar

The naira on Friday remained stable at the parallel market, exchanging at N350 to the dollar, the News Agency of Nigeria (NAN) reports.

The Nigerian currency maintained same value since Wednesday.

However, the naira weakened further against the pound sterling as it traded at N500 to the pound, from N390 since Wednesday, while the euro remained stable at N385.

Meanwhile, the Central Bank of Nigeria (CBN) was yet to come up with modalities for implementing its flexible exchange policy, as its official rate remained at N197 to a dollar.

Advertisements

Traders at the market said they were waiting for the new guidelines for the flexible exchange rate policy of the apex bank.

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