Naira closes at N363.05 to dollar

By Fabian Ekeruche

The Naira on Wednesday, sold at N363.05 to the dollar at the investors’ window.

Market turnover stood at $333.37 million.

At the parallel market, the dollar remained stable, exchanging at N360, while the Pound Sterling and the Euro traded at N462 and N412.

The naira exchanged at N360 to the dollar at the Bureau De Change (BDC) segment, while the Pound Sterling and the Euro closed at N462 and N412.

Meanwhile, Prof. Sheriffdeen Tella, a Senior economist, Olabisi Onabanjo University, Ago-iwoye noted that CBN was determined to protect the stability of  naira at N360 to the dollar.

”This is why it continues to intervene whenever there is a short fall in the market,” Tella said. (NAN)

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