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Naira stabilises at N485 per dollar at parallel market

Published

8 years ago

on

December 10, 2016

By

KAYODE ADELOWOKAN

Naira gains against dollar at investors window

The Naira on Friday remained stable at the parallel market, exchanging at N485 to a dollar.

The Pound Sterling and the Euro closed at N602 and N515, respectively.

At the interbank market, the Naira also remained stable at N305.50 to a dollar.

Trading at the Bureau De Change (BDC) window saw the Naira sold at N399 to a dollar, CBN controlled rate, while the Pound Sterling and the Euro exchanged at N606 and N515, respectively.

Traders at the market said that the scarcity of dollar persisted, leading to slow activities.

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KAYODE ADELOWOKAN

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. The Verge Communications (NEWSVERGE) is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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