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BUSINESS & ECONOMYCOVERNEWSLETTER

Naira Garners Steam to N359.80/$ at Parallel Market

Naira unaffected by Trump’s victory

The Nigerian Naira on Wednesday, June 27, took a massive leap against the United States of America Dollar at the Parallel segment of the Nigerian Foreign Exchange market.

The local currency gained impressive momentum to exchange at the rate of N359.80 against the greenback at the black market.

Against the British Pound Pound Sterling the Naira closed at the rate of N482 and exchanged the European Single Currency, Euro, at the rate of N419.

At the Bureau De Change, BDC, segment, the naira traded at N360 to the dollar, while the Pound Sterling and the Euro exchanged at N482 and N419, respectively.

Trading at the investor’ window saw the naira close at N360.91 to the dollar, while it exchanged at N305.75 at the CBN official window.

 

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