Naira Appreciates Against Dollar

Enterprise Network-Naira Remains Stable at N359 to Dollar at Parallel Market Naira Note

Enterprise Television- Naira Appreciates Against Dollar

The Naira on Tuesday appreciated against the dollar at the parallel market.

The Nigerian currency closed at N361.6 against the dollar, stronger than N361.7 posted on Monday, while the Pound Sterling and the Euro exchanged at N502 and N470.

At the Bureau De Change (BDC) window, the Naira closed at N362 to the dollar, while the Pound Sterling and the Euro exchanged at N502 and N470.

Trading at the investors’ window saw the Naira appreciating at N360.64, stronger than N360.91 posted on Monday and a reduction of 57 million dollars in a transaction.

The investors’ window traded 232.68 million dollars on Monday, while Tuesdays’ transaction was 57.27 million dollars.

The figure below shows foreign exchange transactions across Abuja, Port Harcourt and Kano.

Traders expressed optimism that the Naira would remain stable in the weeks ahead.

Naira has remained stable due to aggressive interventions of Central Bank of Nigeria at the nation’s foreign exchange market.

 

 

Facebook Comments

All rights reserved. Kindly share news, opinion, contributions and press releases with us at editor@enterprisenetwork.africa