The naira on Tuesday closed at N363.32 to
the dollar at the investors’ window.
Market turnover at the window stood at
51.14 million dollars.
Naira
At the official CBN window, the naira
exchanged at N306.60.
Naira appreciates against dollar at parallel
market
It was sold at N360.50 at the parallel
market in Lagos, while the Pound Sterling
and the Euro closed at N480 and N417,
respectively.
Trading at the Bureau De Change (BDC)
window saw the naira close at N360 to the
dollar, while the Pound Sterling and the
Euro closed at N480 and N417,
respectively.
Meanwhile, Alhaji Aminu Gwadabe,
President, Association of Bureau De
Change Operators of Nigeria(ABCON) said
the sustained fiscal discipline of the CBN
would impact positively on the stability of
the naira.
Efe Martins support entrepreneur with
5million naira
Gwadabe said that in spite of the shedding
of the external reserves, the CBN was
capable of sustaining a stable exchange
rate.
†The reasons for the shedding of the
external reserve is that the outflows
outstrips the inflows as a result of the
election year.
â€However, due to sustained fiscal discipline
of the administration, the scenario will
have little or no impact on the sustained
exchange rate stability,†Gwadabe said.
NAN
Source:
www.vanguardngr.com/2018/10/
naira-closes-at-n363-32-to-dollar-at-
investors-window/
