The Pound Sterling and the Euro traded at N472 and N411, respectively.
At the Bureau De Change (BDC) segment, the naira was sold at N360 to the dollar, while the Pound Sterling and the Euro closed at N472 and N411.
At the investors’ window, the currency exchanged at N362.58 to the dollar, while market turnover stood at 225.6 million dollars.
Meanwhile, Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON), has attributed the currency’s gains to the annual “Chinese holidays and the national elections’’.
”The closure of factories in China and the low demand for dollars has contributed to the gains of the naira at the parallel market,” Gwadabe said.
You may be interested
Man City Suffer Double Injury Setbacks
Webby - November 2, 2024Manchester City manager Pep Guardiola has provided an update on the fitness of John Stones and Ruben Dias following Saturday’s…
Former Flying Eagles Star Escapes Major Injury In Belgium
Webby - November 2, 2024Nigeria winger Yira Sor is expected to return to action after the international break, reports Completesports.com.Sor sustained an injury in…
Raphinha: I Decided To Remain At Barca To Prove Doubters Wrong
Webby - November 1, 2024Barcelona star Raphinha says his decision to remain with the club is meant to prove doubters wrong.Recall that the Brazilian…