Markets
Naira exchanges for N441/dollar at parallel market
24 hours after the Central Bank of Nigeria, CBN, resumed dollar sales to Bureau de Change, BDC operators, the naira lost N6.
It slumped from N435 recorded on Monday at the parallel market in Lagos to exchange at N441 to the dollar.
In the same vein, the Pound Sterling and the Euro closed at N585 and N515 respectively.
At the BDC window, the naira was sold at N386 to a dollar, while the Pound Sterling and the Euro closed at N585 and N515.
Trading at the investor’s window saw the naira closing at N386.21 to a dollar as investors traded a total of 45.22 million dollars.
The naira, however, closed at N379 to a dollar at the official CBN window.
The News Agency of Nigeria (NAN) said despite the sale of $51.8 million to 5,180 BDCs, the impact of the intervention was yet to be significantly felt.
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