Join XtremeLoaded / Login / Trending / Recent / New
Stats: 12,943 members, 4,831 topics. Date: July 22, 2017, 5:32 am
The Naira on Monday gained 50k to exchange at N305.00 to a dollar at the interbank market, the News Agency of Nigeria (NAN) reports.
The Nigerian currency had closed at N305.50 for most part of last week at the interbank market.
However, naira remained stable at the parallel market, closing at N465 to a dollar, while Pound Sterling and Euro exchanged at N565 and N490, respectively.
Trading at the Bureau De Change (BDC) window saw the naira closing at N390 to a dollar, CBN controlled rate, while Pound Sterling and Euro traded at N562 and N500 respectively.
Currency traders said that uneasy calm had prevailed at the market due to its raid by officials of the Department of State Security (DSS) in some parts of the country.
NAN reports that in spite of the raid, the naira had remained pretty stable.
Meanwhile, stakeholders expect the Monetary Policy C
Viewing this topic: 1 guest viewing this topic
|Xtremeloaded - Copyright © 2017 Collins Ezeakonam. All rights reserved. |
Disclaimer: Every XtremeLoaded member is solely responsible for anything that he/she posts or uploads on XtremeLoaded. Contact Us admin (at)xtremeloaded.com