Connect with us


Naira remains stable at parallel market



The Naira on Thursday remained stable at the parallel market in Lagos, exchanging at N359.3 to the dollar.

The Pound Sterling and the Euro traded at N472 and N402, respectively.

At the Bureau De Change (BDC) window, the naira was sold at N360 to the dollar, while the Pound Sterling and the Euro traded at N472 and N402, respectively.

Trading at the investors window saw the naira closing at N361.09 to the dollar as market turnover stood at 121.15 million dollars.

Meanwhile, Prof Sheriffdeen Tella, a Senior Economist at the Olabisi Onabanjo University, Ago-Iwoye, Ogun, has attributed the current stability of the naira at the foreign exchange market to slow economic activity.

Tella noted that import businesses had drastically reduced as the business community awaited  the take-off of the 2019 budget.

Contact US: editor[at], nnnnews247[at]

Recent Posts

February 2020
« Jan

NNN News Nigeria: NNN is an online Nigeria news portal that publishes breaking news in politics, business, entertainment, sport, security, features, opinion, environment, education, technology, and the world news at large. NNN publishes only news that is factual, credible, verifiable, authoritative and investigative. NNN is a media subscriber of the News Agency of Nigeria. NNN is a unique media organization that is founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favor. Contact: editor[at]

© 2014 - 2019 NNN News Nigeria. All Rights Reserved.