Naira Closes At N358 Against Dollar At Parallel Market

Naira Closes At N358 Against Dollar At Parallel Market

Naira and Dollar exchange photot: Alfa img

The Naira on Friday gained N1 to close at N358 to the dollar at the parallel market in Lagos.

The News Agency of Nigeria (NAN) reports that the naira traded stronger on the eve of elections than Thursday when it closed at N359 to a dollar.

The Pound Sterling was sold at N470 and the Euro at N408.

At the Bureau De Change (BDC) segment, the naira traded at N360 to the dollar, while the Pound Sterling and the Euro closed at N470 and N408.

Trading at the investor’s window saw the naira closed at N361.49 to the dollar as market turnover stood at 292.34 million dollars.

Traders said that the demand for the dollar was low as the market was already in an election mood.

 


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Gabriel Alabi is a graduate of the prestigious Nigerian Institute of Journalism. He is a sport enthusiast who loves to read and write. He is also witty and very intelligent.




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