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Nairaland Forum / Nairaland / General / Business / Naira Stabilises At Parallel Market (318 Views)
Oil Price Stabilises As Brent Crude Gains At $65.30 Per Barrel / Naira Gains, Dollar Crashes At Parallel Market / Naira Stabilises At N497 To Dollar (2) (3) (4)
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Naira Stabilises At Parallel Market by AbiolaFawole(m): 7:27am On Apr 25, 2017 |
The naira on Monday stabilised against the dollar at the parallel market, newsmen report. The Nigerian currency traded between N380 (buying rate) to N385 (selling rate) on Monday afternoon, maintaining the same rate as at Friday. The naira closed at N495 to pound sterling and N415 to Euro at the same segment. At the Bureau De Change (BDC) window, the naira was sold at N362 to the dollar, while the pound sterling and the Euro closed at N490 and N420, respectively. Naira-Dollar Trading at the interbank window saw the naira closed at N305.95 to the dollar. Traders commended the CBN for sustaining liquidity at the foreign exchange market as market volatility was not in the interest of the economy. NAN reports that the CBN had remained resolute in boosting liquidity in all the segments of the foreign exchange market. The apex bank, had on Friday, created a special window for investors and exporters to have uninterrupted access to foreign exchange, a move stakeholders described as the right direction. http://www.vanguardngr.com/2017/04/naira-stabilises-parallel-market/ |
Re: Naira Stabilises At Parallel Market by Thejustw14(m): 7:31am On Apr 25, 2017 |
How does that affect the price of yam? |
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