Tag: gain
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Naira sustains gain against dollar, exchanges for N363/1$
The naira on Wednesday appreciated against the dollar at the parallel market, exchanging at N363 to the dollar from the N364 posted on Tuesday. The pound sterling and the Euro closed at N477 and N428 to the naira, respectively. At the Bureau De Change (BDC) window, the naira was traded at N363 to the dollar,…
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Naira closes at 367/dollar, CBN sells $195m
The naira recorded a marginal gain on Wednesday, closing at 367 per United States dollar, up from 368 on Tuesday. The local currency has been hovering between 363/dollar and 370/dollar as the Central Bank of Nigeria continues to supply foreign exchange to the market. Analysts expect the local currency to trade within this range this…