Naira Weakens Marginally Against Dollar at Parallel Market

Naira
  • 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.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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