Naira Falls Slightly Against Dollar

Published

6 years ago

September 27, 2018

The Nigerian Naira fell slightly against the US dollar at the investors’ window on Wednesday, following rate decision by the Central Bank of Nigeria.

The currency traded at N364 to a dollar, weaker than N363.72 posted a day before the outcome of the monetary policy meeting was known.

At the parallel market, the local currency traded at N359.5 to a US dollar, while the Pound and Euro closed at N482 and N421, respectively.

Bureau De Change operators exchanged a dollar for N360, while the Pound and the Euro were exchanged at N482 and N421.

The Naira remained fairly stable due to the series of interventions by the CBN.