Naira exchanges at N359.4 to dollar at parallel market

Date:

Lagos – The naira on Monday traded at N359.04 to the dollar at the parallel market in Lagos. Naira Naira The Pound Sterling and the Euro closed at N465 and N404, respectively.

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At the investors window, the naira closed at N360.59 to the dollar , as market turnover stood at 217.08 million dollars. Trading at the Bureau De Change (BDC) segment saw the naira closing at N360 to the dollar while the Pound Sterling and the Euro traded at N465 and N404, respectively.

Naija247news reports that the naira has remained stable at the market hovering around N360 to the dollar across the different FX windows.

Naira appreciates to N360.30/$ in I&E(Opens in a new browser tab) The Central Bank of Nigeria( CBN) has continued to intervene in the foreign exchange market to ensure the stability of the exchange rate. The investors’ window alone had traded 48 billion dollars since inception.

Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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