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Naira Weakens Marginally Against Dollar at Parallel Market

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Naira Exchange Rates - Investors King
  • Naira Weakens Marginally Against Dollar at Parallel Market

The Naira on Monday weakened marginally against the dollar at the parallel market in Lagos, the News Agency of Nigeria reports.

The Nigerian currency lost one point to exchange at N361.7, weaker than N361.6 on Friday, while the Pound Sterling and the Euro closed at N502 and N430, respectively.

At the Bureau De Change window, the naira traded at N362 to the dollar, while the Pound Sterling and the Euro exchanged at N502and N430, respectively.

Trading at the investors’ window saw the naira close at N360. 91, while the CBN window recorded N305.75 to the dollar.

is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst with over 20 years of experience in global financial markets. Olukoya is a published contributor to Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, InvestorPlace, and other leading financial platforms. He is widely recognized for his in-depth market analysis, macroeconomic insights, and commitment to financial literacy across emerging economies.

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