Home Sectors BUSINESS & ECONOMY Naira Closes at N363/$ at Parallel Market

Naira Closes at N363/$ at Parallel Market

Naira unaffected by Trump’s victory

The Nigerian Naira on Friday, May 18, unchanged against the United States of America Dollar at the parallel segment of the Nigerian Foreign exchange market.

The local  currency exchanged at the rate of N363, while the Pound Sterling and the Euro closed at N496 and N429, respectively.

At the Bureau De Change segment, the naira closed at N361.50 to the dollar, while it exchanged at N502 and N428 to the Pound Sterling and Euro, respectively.

Trading at the investors’ window showed that the naira closed at N360.85 and had a turnover of 202.47 in transaction.

At the official CBN window, the currency closed at N305.85 to the dollar, and at N412.6 and N360.4 to the Pound Sterling and the Euro.

Currency traders said that though the naira depreciated marginally, it had remained stable at the foreign exchange market.

 

 

BizWatchNigeria.Ng
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.