NAIRA EXCHANGES FOR N441 A DOLLAR AT PARALLEL MARKET

Barely 24 hours after the Central Bank of Nigeria (CBN) resumed dollar sales to Bureau de Change (BDC) operators, the naira on Tuesday lost N6. It slumped from N435 recorded on Monday at the parallel market in Lagos to exchange at N441 to the dollar. The Pound Sterling and the Euro closed at N585 and N515. At the BDC window, the naira was sold at N386 to a dollar, while the Pound Sterling and the Euro closed at N585 and N515. Trading at the investor’s window saw the naira closing…

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