Business
  • FaceBook
  • Twitter
  • Pin It
  • Linkedin
  • Buffer
  • WhatsApp

Naira remains stable at official, parallel markets

The naira maintained stability against the U.S dollar at both the official and black markets on Thursday, IgbereTV reports

Data posted on the FMDQ Security Exchange, where forex is officially traded, showed that the naira closed at N436.50/$1 at the Nafex window, the same rate it exchanged hands with greenback currency in the previous session on Wednesday.

The domestic currency hit an intraday low of N437.00 and a high of N400.00 before closing at N425.00 on Thursday.

This happened as the value of transactions at the I&E window dropped to $101.74 million compared to $133.97 million on Wednesday

  • FaceBook
  • Twitter
  • Pin It
  • Linkedin
  • Buffer
  • WhatsApp

Comments are closed.

Hey there.

So... you use an ad blocker. That's cool. Sometimes we do too.

But without ad revenue, we wouldn't even be here. And we might not be here much longer.

Please disable your ad blocker and click to continue.