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Home Headlines

Naira weakens against dollar at parallel market

by Naira
April 6, 2017
in Headlines

image

The naira on Wednesday, weakened against the dollar at the parallel market, the News Agency of Nigeria reports.

The Nigerian currency lost 8 points to exchange at N398, weaker than N390 recorded on Tuesday, while the Pound Sterling and the Euro closed at N485 and N415.

At the Bureau de Change, BDC, window, the dollar was sold at N362 to the dollar, while the Pound Sterling and the Euro closed at N483 and N430.

Trading at the interbank window saw the Naira close at N306.2 to the dollar.
Traders at the market said that they expected the Naira to appreciate by Thursday as BDCs gets additional dollar allocation from CBN.

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