BUSINESS

Naira consolidates gain against Dollar

Published

8 years ago

April 20, 2017

Nan

Naira gains against dollar, closes at N358/$ at parallel market

The Naira on Thursday strengthened against the dollar in all the major segments of the market, our correspondent reports.

At the parallel market, the Nigerian currency gained five points to exchange at N385 to the Dollar from the N390 recorded on Wednesday.

The Pound Sterling and the Euro traded at N495 and N410, respectively.

At the Bureau De Change (BDC) segment, the Naira closed at N362 to the dollar, while the Pound Sterling and the Euro exchanged at N490 and N424, respectively.

Currency traders urged the Federal Government to plough back the huge sums of money recovered from looters into the economy to further prop up the Naira.

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