Tuesday, August 29, 2017

Naira rebounds against dollar


The Naira on Tuesday, appreciated against the dollar at the parallel market.
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The Nigerian currency gained N2 to exchange at N365 to the dollar, stronger than N367 posted on Monday while the Pound Sterling and the Euro closed at N475 and N433.
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Trading at the Bureau De change (BDC) window saw the Naira closing at N362 to the dollar, while the Pound Sterling and the Euro traded at N473 and N433, respectively.
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At the investors’ window, the Naira was sold at N359.67 to the dollar, while it exchanged at N305.8 to the dollar at the interbank market.
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Traders said patronage was low at the parallel market.
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The News Agency of Nigeria (NAN) reports BDCs got the weekly foreign exchange auction from the CBN

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