Forex: "Naira Loses Towards Greenback"
Foreign Exchange
The naira on Thursday continued to fall in opposition to the dollar at the parallel market, the news agency of Nigeria (NAN) reviews.
The Nigerian forex lost one factor to alternate at N368, weaker than N367 published on Wednesday, even as the Pound Sterling and the Euro closed at N478 and N432.
At the Bureau De change (BDC) window, the naira turned into sold at N363 to the dollar, while the Pound Sterling and the Euro closed at N478 and N432.
But, the naira preferred on the investors’ window, changing at N361.17 more potent than N362.39.
Traders on the marketplace advised NAN that during spite of the weekly public sale of forex with the aid of the relevant financial institution of Nigeria (CBN) to BDC, the naira endured to depreciate.
https://www.pmnewsnigeria.com/2017/08/17/forex-naira-loses-dollar/
