Naira exchanges at N359.4 to dollar at parallel market

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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.

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.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.