Banking & Finance Economy

Naira gains N5, closes at N435 to dollar at parallel market

Naira gains N5, closes at N435 to dollar at parallel market
Written by Maritime First

The intervention of the Central Bank of Nigeria (CBN) impacted positively on Monday as Naira gained N5 to close at N435 to the dollar at the parallel market in Lagos.

The Pound Sterling and the Euro closed at N575 and N515, respectively.

At the Bureau De Change window, the Naira traded at N386 to the dollar, while the Pound Sterling and the Euro closed at N575 and N515, respectively.

Trading at the investor’s window saw the Naira exchanging at N386 as investors transacted a total of 45.22 million dollars.

The Naira, however, closed at 379 to the dollar at the official CBN window.

Also read:  Naira strengthens against dollar

Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria (ABCON) highlighted that the CBN disbursed a total of 50 million dollars to BDCs in Abuja, Lagos, Awka and Kano.

Gwadabe noted that the CBN’s interventions were already yielding positive results in the market.

 

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Maritime First