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12 Oct 2018

Naira Stable At N360 To Dollar At Parallel Market

The naira remained stable against the dollar at the parallel market in Lagos on Friday, still exchanging at N360 to the dollar.

The naira was, however, traded against Pound Sterling and the Euro at N478 and N417, respectively.

Naira At the Bureau De Change (BDC), the naira was sold at N360 to the dollar, while its rates against the Pound Sterling and the Euro were N478 and N417, respectively. At the investors’ window, the naira closed at N364.12 against the dollar where a market turnover of 295.08 million dollars was achieved.

The naira closed at N306.45 to the dollar at the official CBN window.

Traders said that the market had remained active as political activities had begun gradually across the country.

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