BUSINESS

Naira further remains stable at BDCs, parallel market

Published

6 years ago

March 12, 2018

Nan

Naira gains against dollar at investors window

The naira further remained stable at the close of trade on Monday, selling at N363 against the dollar at the Bureau De change (BDCs) and parallel market on Monday in Lagos.

Our correspondent reports that the figure has been stable in the past two weeks.

At the BDC, the naira was sold at N500 to the Pound Sterling and closed at N442 against the Euro.

However, the naira against the two currencies went for N501 and N445 respectively at the parallel market.

Also, trading at the Import and Export foreign exchange window,the naira closed at N360.47 to the dollar.

It also exchanged at N305.75 to the dollar at the Central Bank of Nigeria (CBN) window.

A trader, Mr Shinkafi Aliu, Managing Director, Alibarika Bureau De Change said the stability could be attributed to the positive growth in the nation’s external reserves.

Related Topics:

Up Next

Police confirm death of 4 in herdsmen attack on Ebonyi community

Don't Miss

FAAN income on Passenger Service Charge hit N38bn in 2017 – MD

Nan

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

Comments

NEWSVERGE

Naira further remains stable at BDCs, parallel market

You may like

GOOD TO KNOW