How Naira Fared Against US Dollar At Parallel Market (July 24)

share on:
Naira To Appreciate As CBN Plans To Pump More Dollar Into Forex Market

The Nigerian Naira on Monday, July 24, 2017 appreciated further against the United States dollar at the parallel market.

Naira Stabilises As CBN Injects $195m Into Forex Market

The local currency gained one point to exchange at N365 to the dollar at the parallel market, stronger than N366 posted on Friday, while the Pound Sterling and the Euro traded at N475 and N420, respectively.

At the Bureau De Change window, the Naira traded at N362 to the dollar, while the pound sterling and the Euro closed at N417 and N419.

The Naira, however, depreciated at the investors’ window as it closed at N367.3 to the dollar.

Trading at the interbank market saw the Naira close at N305.8 to the dollar.

Naira Suffers Marginal Loss Against Dollar Despite CBN’s Intervention

Traders said that activities at the market were low key as stakeholders awaited the outcome of the Monetary Policy Committee meeting of the Central Bank of Nigeria.

The Naira has remained stable for about two months due to the sustained interventions by the CBN at the foreign exchange market.

CBN Warns Against Abuse Of The Naira | Offenders Liable To N50,000 Fine Or 6-Month Imprisonment

Traders urged the apex bank to continue to boost liquidity at the market



I am but your herald boy in the art of the pen.. An eccentric Environmental Biologist smouldered in the glorious epiphany of online journalism. If you ever find my article unduly insipid, sue me and i’ll refund you...

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.