The naira sustained losses at the parallel market
[Premium Times]
Trading at the official CBN window saw the naira
closing at N379 to a dollar.
The Naira on Tuesday, gained marginally to the
dollar at the investors window trading at N385.5 to
a dollar, stronger than N386 traded on Monday.
Market turnover at the window fell to 45.84 million
dollars, from 66.89 million dollars sold on Monday.
The naira sustained losses at the parallel market in
Lagos as it closed at N483, from N482 traded on
Monday.
The Pound Sterling and the Euro closed at N620
and N570, respectively.
At the Bureau De Change (BDC) subsector, the naira
was sold at N386 to a dollar, while the Pound
Sterling and the Euro traded at N620 and N572,
respectively.
Trading at the official CBN window saw the naira
closing at N379 to a dollar.
Meanwhile, the CBN had warned of using the
parallel market rate to push for a further devaluation
of the naira.
Speaking at the end of the Monetary Policy
Committee (MPC) meeting in Abuja, the governor of
Central Bank of Nigeria (CBN), Mr Godwin Emefiele ,
noted that the naira had been devalued already this
year.
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