How naira fared against dollar on Wednesday

The Naira on Wednesday in Lagos gained marginally against the dollar at the parallel market, closing at N359.3 to the dollar.

The News Agency of Nigeria (NAN) reports that the Naira shed 20 Kobo from N359.5 traded on Tuesday, while the Pound Sterling and the Euro exchanged at N463 and N408 respectively.

At the Bureau De Change (BDC) segment, the naira was sold at N360 to the dollar, while the Pound Sterling and the Euro exchanged at N463 and N408 respectively.

Trading at the investors’ window saw the naira closing at N360.75 to the dollar. Market turnover at the window stood at 278.18 million dollars.

The naira exchanged at N306.90 to the dollar at the official CBN window.

Meanwhile, the CBN said it would continue with the managed float foreign exchange policy to ensure that the naira remained stable.

The Apex bank had continued its interventions at the foreign exchange market to shield the Naira from the onslaught of currency speculators.

More News

President Buhari to Embark on Eight-Day Visit to Saudi Arabia, Perform Umrah

On Tuesday morning, President Muhammadu Buhari will begin an eight-day state visit to the Kingdom of Saudi Arabia, where he is expected to perform...

Senator-Elect Yar’Adua Commits to Delivering Change for Katsina Central District

Senator-elect Abdul’aziz Yar’Adua of the All Progressives Congress (APC) for Katsina Central Senatorial District has vowed to deliver on his campaign promises to the...

Police Arrest Suspect in Brutal Killing of Pregnant Girlfriend in Kano

The Kano State Police Command has arrested Philibus Ibrahim, who allegedly strangled his pregnant girlfriend, 22-year-old Theresa Yakubu, in Tudun Wada Local Government Area...

2023 Polls: Group warns Governor Matawalle over inciting comments, blaming Nigerian military

The Centre for Africa Liberation and Socio-Economic Rights (CALSER), a Civil Society Organisation, has accused Governor Bello Matawalle of displaying undemocratic tendencies following his...