The Naira on Monday gained 50 Kobo to trade at N358.5 to the dollar at the parallel market in Lagos, slightly stronger than N359 traded on Friday.
The Pound Sterling and the Euro closed at N458 and N403 respectively.
The naira traded at N360 to the dollar at the Bureau De Change segment, while the Pound Sterling and the Euro exchanged at N458 and N403, respectively.
Trading at the investors window saw the naira closing at N361.48 to the dollar as market turnover stood at 231.92 million dollars.
The News Agency of Nigeria reports that the naira had been relatively stable at the parallel market due largely to the interventions of the CBN.
Activities at the market, however, remained slow on Monday as traders await the outcome of the Monetary Policy Committee meeting of the CBN.
Trending
- 30-year-old charged with stealing N1.2m from dead man’s bank account
- Court remands task force official for alleged murder
- EFCC has adjusted its blunder, now claims Bello stole N80b within first three weeks in office — Media Office
- PDP Caucus extends Damagum’s tenure as acting Chairman
- Lagos reacts to allegation of Ministry’s refusal to shelter minor forced to have abortions
- AltBank, Sterling One Foundation, Lagos Foodbank combat hunger, champion education
- Nigerian professors jailed in Cameroon petition House of Reps
- Stanbic IBTC seeks way to maximise Nigeria’s energy potentials