Update!! Naira Enters New Week On A High Note (See Conversion Rate)

Forum 6 years ago

Update!! Naira Enters New Week On A High Note (See Conversion Rate)

The Naira strengthened further against the dollar at the weekend as it exchanged for N364 per dollar at the parallel market.

The Naira had on Friday closed at N365 rate per dollar.

Naira also exchanged at N468 against Pound Sterling and N412 against Euro at the parallel market.

But the weekend jump followed two interventions, last week, by the Central Bank of Nigeria (CBN), which totalled $449.3 million.

CBN had last Monday injected the $195 million into various segments of the inter-bank market.

$100m was offered to authorised dealers in the wholesale window, while Small and Medium Enterprises (SMEs) window was allocated the sum of $50m.


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