ECONOMY: Naira weakens against dollar at parallel market

The Naira on Thursday lost 30 kobo to exchange at N 358 . 30 to the dollar at the parallel market in Lagos, weaker than N 358 traded on Wednesday .

The Pound Sterling and the Euro closed at N 475 and N 418 , respectively. At the Bureau De Change (BDC) window, the naira traded at N 360 to the dollar, while the Pound Sterling and the Euro closed at N 475 and N 418 , respectively.

Trading at the investor ’s window saw the naira close at N 362 . 60 , with a turnover of 167 . 78 million dollars , while the naira exchanged at N 306 . 10 to the dollar at the CBN official window.

The naira closed at the interbank market at N 307 . 10 , N 396 . 16 and N 353 . 53 against the dollar , Pounds and Euro , respectively.
For Personal Travel Allowance (PTA), the naira was sold at N 360 , N 462 . 15 and N 414 . 97 against the dollar , Pound and Euro respectively at the interbank market.

The News Agency of Nigeria (NAN ) reports that low activities characterised the market as some of their members were yet to return from the Sallah break.

SOURCE: (NAN ) via Punchng