Friday, 7 July 2017

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Naira remains unchanged against dollar, others at parallel market

Naira remains unchanged against dollar, others at parallel market
The Naira on Thursday retained N365 rate per dollar at the parallel market.
The local currency maintained the same rates as of Wednesday against the major foreign currencies.

Naira exchanged at N468 against Pound Sterling and N412 against Euro at the parallel market.
At the official interbank market, Naira closed at N306 against the Dollar, while the Pound sterling and the Euro traded at N395.59 and N347.38, respectively.
At the Bureau De Change (BDC) window, the local currency closed at N363 to a Dollar, while the Pound and the Euro traded at N465 and N414, respectively.
The Central Bank of Nigeria (CBN), in continuation of its drive to ensure liquidity and stability in the foreign exchange market, Monday injected the 195 million dollars into various segments of the inter-bank market.
Acting Director, Corporate Communications, Isaac Okorafor said that $100m was offered to authorised dealers in the wholesale window.
Similarly the Small and Medium Enterprises (SMEs) window was allocated the sum of $50m.
Those seeking forex for business and personal travel, tuition and medical bills, among other invisibles, received the sum of $45m.


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