Economy

Naira loses marginally against dollar at parallel market

Published

6 years ago

October 22, 2018

The Naira on Monday lost 50 kobo to close at N 360 . 5 to the dollar , weaker than N 360 posted on Friday at the parallel market in Lagos .
The Pound Sterling and the Euro closed at N 480 and N 417 , respectively .

At the Bureau De Change ( BDC ) window, the Naira was sold at N 360 to the dollar , while the Pound Sterling and the Euro closed at N 480 and N 417 , respectively .

Trading at the investors ’ window saw the Naira closed at N 364 . 09 , while the market turnover stood at 168 . 96 million dollars .

Currency traders opined that the build up to the 2019 general elections made the market vibrant due to increase in patronage .

( NAN )