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Tuesday, April 11, 2017

Naira suffers further crash against the dollar

The Naira on Tuesday suffered further loss against the dollar at the parallel market.
This comes after Central Bank of Nigeria, CBN, intervened at both the interbank market and Bureau De Change window.
The currency exchanged between N405 (buying rate) and N410 selling rate at the parallel market.
This was weaker than N405 traded yesterday.
Also, the Pound Sterling and the Euro closed at N490 and N430 respectively on Tuesday.
At the Bureau De Change, the Naira was sold at N362 to a dollar, while the Pound Sterling and the Euro traded at N500 and N428 respectively.
However, trading at the interbank market saw the Naira close at N306.20 to the dollar.

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