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Naira now N359 to dollar at parallel market

The naira on Monday traded at N358.6 to the dollar at the parallel market in Lagos.

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The pound sterling and the euro closed at N445 and N396, respectively.
At the Bureau De Change segment, the naira was sold at N358.6, while the pound sterling and the euro closed at N445 and N396, respectively.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

Trading at the investors’ window saw the naira closing at N363.32 as market turnover stood at 477.04 million dollars.

LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT

The naira, however, traded at N306.95 to the dollar at the official CBN window.

The News Agency of Nigeria reports that the naira had remained stable at the parallel market, due largely to the interventions of the CBN.

As the rate stands, it appears the parallel market rate determines the prevailing rate for most buyers.

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