Connect with us

Business

Naira remains flat at $/N474 at parallel forex market

Published

on

The naira was on unchanged at $/N474 at the black market on Wednesday as the Nigerian foreign exchange market continued to experience dollar shortage.

The local currency was devalued by 0.06 per cent at the Investors and Exporters (I&E) forex window, having opened at N387.79, traded high at N392.50, and eventually closed at N389.25.

Investors traded a total of $24.66 million through the I&E window.

News continues after this Advertisement

The Naira at the official window closed at $/N381.00 unchanged against the previous day’s position.

News continues after this Advertisement
News continues after this Advertisement
Continue Reading
Advertisement
1,113 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *