Naira gains marginally against dollar at parallel market

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The Nigerian cuurency, naira on Wednesday gained marginally against the dollar at the parallel market in Lagos state, exchanging at N358 to the dollar.

The naira had however exchanged at N358.2 to the dollar on Tuesday.

At the Bureau De Change (BDC) segment, the naira traded at N360 to the dollar, while the Pound Sterling and the Euro closed at N470 and N406 respectively.

Trading at the investors window saw the naira closing at N360.29 to the dollar as market turnover stood at 60.94 million dollars.

The naira had remained stable at the parallel market, due largely to the interventions of the CBN.

Peace PIAK