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21 Nov 2016

Naira official rate to dollar jump up....See rate

The Naira on Monday gained 50k to exchange at N305.00 to a dollar at the interbank market.

The Nigerian currency had closed at N305.50 for most part of last week at the interbank market.

However, naira remained stable at the parallel market, closing at N465 to a dollar, while Pound Sterling and Euro exchanged at N565 and N490, respectively.

Trading at the Bureau De Change window saw the naira closing at N390 to a dollar, CBN controlled rate, while Pound Sterling and Euro traded at N562 and N500 respectively.

Although traders are agitated due to raid by officials of the Department of State Security, DSS, in some parts of the country, the naira had remained relatively stable.

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