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Naira note loses marginally against dollar

The Naira note on Thursday lost marginally against dollar at the parallel  market in Lagos, exchanging at #361 to the dollar.

It was revealed by the News Agency of Nigeria that the Naira exchanged at 50 kobo, lower than #360.5 traded on Wednesday.


The Naira however stopped at #360 to the dollar at the Bureau De Change (BDC) window. The pound stopped at #410.

Transaction at the investors' window found the Naira stopping at #365.12 to the dollar as market output remained at 143.64million dollars.

Naira note replaced at #306.90 at the official CBN window.

News Agency of Nigeria reveals that the naira had stayed fixed at the market largely as a result of CBN involvement.


While China and United States continue to grow in trade exchange and the consequent increase in the price of oil at the International market, Nigeria external stock was supposed to shore up.



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