Author Topic: Naira Appreciates , exchanges for N366 to a dollar  (Read 386 times)

0 Members and 1 Guest are viewing this topic.

Offline Nairaland

  • Global Moderator
  • Full Member
  • *****
  • Posts: 135
    • View Profile
Naira Appreciates , exchanges for N366 to a dollar
« on: June 30, 2017, 12:59:11 AM »
Loading...

The Naira on Thursday appreciated against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.



NAN reports that the Nigerian currency rebounded barely 24 hours after the Central Bank of Nigeria (CBN) injected 195 million dollars into the foreign exchange market.

The Naira closed at N366 to the dollar at the end of trading on Thursday afternoon at the parallel market, three points stronger than N370 it closed on Wednesday.

The pound sterling and the Euro traded at N465 and N410 respectively.

At the Bureau De Change window, the Naira closed at N363 to the dollar, while the pound sterling and the Euro closed at N463 and N410, respectively.

Trading at the interbank market saw the naira closed at N305.90 to the dollar, while the import and export rates closed at N368 to the dollar.

Traders at the market said that the naira got a boost as the CBN intervened at the FOREX market.

NAN further reports that the continued injection of liquidity into the FOREX market had sustained the naira from further depreciation.

However, financial experts are divided on the sustenance of the CBNs effort in salvaging the naira. (NAN)



 

National Orientation Agency, CBN to sensitize Nigerians over abuse of Naira

Started by mastercode

Replies: 0
Views: 662
Last post September 19, 2016, 04:06:49 AM
by mastercode
Nigeria Bank in trouble as ATM dispenses fake Naira notes

Started by yungcrux

Replies: 0
Views: 228
Last post September 08, 2017, 10:59:50 AM
by yungcrux
British Pound falls to 30-yr low against US dollar after EU exit

Started by yungcrux

Replies: 0
Views: 655
Last post June 27, 2016, 07:29:03 PM
by yungcrux
Nigeria: CBN moves to save Naira, stops dollar auctioning

Started by internet police

Replies: 0
Views: 894
Last post February 19, 2015, 11:58:02 AM
by internet police