Tuesday, 08 September 2020 05:28

CBN’s dollars sale gives Naira further boost on all exchange windows

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The Naira on Monday gained N5 to close at N435 to the dollar at the parallel market in Lagos.

The Pound Sterling and the Euro closed at N575 and N515, respectively.

At the Bureau De Change window, Naira traded at N386 to the dollar, while Pound Sterling and the Euro closed at N575 and N515, respectively.

Trading at the investor’s window saw the Naira exchanging at N386 as investors transacted a total of 45.22 million dollars.

The Naira, however, closed at N379 to the dollar at the official CBN window.

Mr Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), said CBN disbursed a total of 50 million dollars to BDCs in Abuja, Lagos, Awka and Kano.

Gwadabe noted that CBN’s interventions were already yielding positive results in the market.

 

NAN

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