Business Naira Gains 0.15% To Close At 305/$1 At Official Market


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Nigerian naira on Thursday appreciated by 0.15 per cent against the dollar to close at 305.25 at the official market but depreciated at the parallel market to 370 to the dollar.

The investors and exporters forex window rate opened at N372.03 and closed at N365.07, according to tag on the FMDQ website.

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The currency at the parallel market also closed flat against the Pound sterling and Euro at 465 and 407 respectively.

In less than three days, the Central bank of Nigeria, CBN, pumped over $800m into foreign exchange market aimed at pushing for the convergence of various market rates and resumption of support for the Naira, after a week lull.
 
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