Naira Dips Marginally Against Dollar At Parallel Market

 365 total views,  2 views today

Naira Dips Marginally Against Dollar At Parallel Market

The naira on Tuesday depreciated marginally against the dollar at the parallel market, exchanging at N361.20 to the dollar.

The Nigerian currency lost 20 kobo from N361 earlier traded before the Easter break.
The naira also closed at N508 and N444, respectively, against the Pound Sterling and the Euro.
At the Bureau de Change (BDC) window, the naira traded at N362 to the dollar, Central Bank of Nigeria (CBN) controlled rate, while the Pound Sterling and the Euro closed at N508 and N444, respectively.
The Nigerian currency closed at N361.35 to the dollar at the investors’ window, while it traded at N305.65 at the interbank window.
Traders at the currency market expressed anxiety over the likelihood of a slight change in policy as the CBN Monetary Policy Committee (MPC) holds at the nation’ capital, Abuja.
The first MPC meeting in 2018, which began on Tuesday, would be concluded by Wednesday.
Meanwhile, the naira had remained very stable at the foreign exchange market as the apex bank had remained committed in boosting liquidity at the forex market.

admin

Professional freelancer and webmaster.

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Here are some Business opportunities in agriculture sector in Nigeria

Sat Apr 7 , 2018
 366 total views,  3 views today Did you ever consider agriculture andfarming as business in Nigeria? In fact, the agricultural sector is the area where you can earn a lot. The agricultural sector needs a lot of development and handling properly nature’s treasures you can earn a fortune. Are there really any business opportunities in agriculture in Nigeria? […]

News Around the Globe

HOT ON THIS BLOG