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Naira Trades At N359/$ In Parallel Market

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

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.

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

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.

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