The Central Bank of Nigeria on Friday made its first intervention in the inter-bank sector of the Foreign Exchange market for 2019 with a total sum of $210 million injected into the wholesale segment and other sectors of the market.
The dollar was broadly steady in thin year-end trading on Monday with the Australian dollar leading gainers as tensions over a trade dispute between the United States and China faded on expectations of progress in trade talks.
While it was sold at N306.80 to the dollar at the official CBN window, it exchanged at N364 to the dollar at the parallel market in Lagos.
The Pound Sterling and the Euro closed at N480 and N417, respectively.
At the Bureau De Change window, the Naira was sold at N360 to the dollar, while the Pound Sterling and Euro closed at N477.5 and N413.
The Naira on Tuesday appreciated to N363.07 against the dollar at the investors’ window, stronger than N363.11 posted on Monday.
Naira on Friday depreciated marginally against the US dollar at the investors’ window, exchanging at N362.64 compared to N362.32 posted on Thursday.
The Nigerian currency had traded at N359 on Wednesday, while the pound Sterling and the Euro closed at N481 and N416.5, respectively.
The Nigerian currency had traded at same rate for the past two days, while the Pound Sterling and the Euro closed at N480 and N421 respectively.
At the parallel market, the naira traded at N360 to a dollar, stronger than the N360.6 exchanged before the Sallah break, while the Pound Sterling and the Euro traded at N489 and N423, respectively.
The Nigerian currency traded at N360, stronger than N362.3 posted on Monday, while the Pound Sterling and the Euro closed N497 and N428.