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Author: SLim Baba
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Naira Records Marginally Gain Against Dollar At Parallel Market

SLim Baba

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#1
The Nigerian naira has continued its recovery against major currencies by recording a marginal gain over the week. [Image: naira-notes.jpg]


The Naira on Wednesday gained 30 kobo to exchange at N359 to the dollar at the parallel market in Lagos, against N359.30 on Tuesday.

 

The Pound Sterling and the Euro closed at N464 and N414, respectively.

 

At the Bureau De Change (BDC) window, the naira traded at N360 to the dollar, while the Pound sterling and the Euro closed at N464 and N414, respectively.

 

Trading at the investors’ window saw the naira close at N363.06, while it exchanged at N361.10 at the official CBN window.

 

Meanwhile, the CBN had continued to boost liquidity at the forex market with the injection of 210 million dollars on Tuesday.

 
(NAN)

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