Naira strong at N388/$ as CBN sells $14m in buyers’ FX window
The naira maintained its stability against the dollar at N388 within the parallel marketplace
Thursday. vanguard survey revealed that the parallel market trade price closed the day past at N388 per greenback, identical as the extent on Wednesday.
ATM-Naira-and-dollar Bureaux De alternate operators instructed vanguard that although the apex financial institution offered $20,000 to every BDC Thursay, there's minimal pastime inside the market. however the imperative bank of Nigeria (CBN) sold $14 million inside the investors and Exporters (I&E) foreign exchange window. in step with the economic market sellers Quote (FMDQ), the naira has lost N5.33 according to dollar at the I&E window this week.
The Nigeria autonomous foreign exchange charge (NAFEX), benchmark fee for the market, rose to N383.28 in line with dollar the day before today from N377.95 per greenback Friday final week, implying N5.33 depreciation for the naira in four days at the window.
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