X

Naira exchanges for N322 to dollar at parallel market

The Naira on Wednesday exchanged for N322 to the dollar at the parallel market.

The News Agency of Nigeria (NAN) reports that the Naira lost N0.5 from N321.5 it traded previously.

However, the Pound Sterling and the Euro traded for N450 and N361 respectively, depreciating further against the Euro.

Meanwhile, the official CBN exchange rate remained at N197 to a Dollar.

Traders at the market said that the nation’s currency had remained stable, hovering between N321 to N322 to the Dollar.

They attributed this to slow activities in the market, in anticipation that the signing of the budget into law might affect the foreign exchange market. (NAN)

Categories: LATEST NEWS
Haruna Magaji: Haruna Magaji is a journalist, foreign policy expert and closet musician. He is a graduate of ABU Zaria and a member of the Nigerian union of journalists. JSA, as he is fondly called, resides in Suleja, Abuja. email him at - harunamagaji@financialwatchngr.com
X

Headline

You can control the ways in which we improve and personalize your experience. Please choose whether you wish to allow the following:

Privacy Settings