The Naira on Wednesday appreciated marginally against the
dollar at the parallel market.
The Nigerian currency traded at N365 to a dollar, stronger
than N366 its closing rate on Tuesday, while the pound sterling and the Euro
exchanged at N468 and N412, respectively.
The official interbank market saw the local curency closed
at N305.50, while the pound sterling and the Euro traded at N395.59 and
N347.38, respectively.
Meanwhile, the Central Bank of Nigeria (CBN), in
continuation of its drive to ensure liquidity and stability in the foreign
exchange (Forex) market, has injected the 195 million dollars into various
segments of the inter-bank foreign exchange market.
Acting Director, Corporate Communications, Isaac Okorafor
said that $100m was offered to authorised dealers in the wholesale window.
Similarly the Small and Medium Enterprises (SMEs) window was
allocated the sum of $50m.
Those seeking forex for the purpose of business and personal
travel, tuition and medical bills, among other invisibles, received the sum of
$45m.
Okorafor said that the Bank’s continued intervention was
aimed at strengthening the international value of the Naira, while ensuring
accessibility to the greenback by customers who required it for genuine
purposes.
By Wale Odunsi
