Naira weakens against dollar at investors’ window

Central bank of Nigeria (CBN)
Central bank of Nigeria building

The Naira on Wednesday weakened against the dollar at the investors’ window, the News Agency of Nigeria (NAN), reports.

The Nigerian currency lost 51kobo to exchange at N360.51, weaker than N360 traded on Tuesday, while the naira closed at N305.56 at the CBN window.

At the Bureau De Change (BDC) window, the naira closed at N362 to the dollar, while the Pound Sterling and the Euro traded at N505 and N445, respectively.

Trading at the parallel market saw the naira exchange at N363 to the dollar, while the Pound Sterling and the Euro traded at N505 and N445, respectively.

Meanwhile, the CBN has injected $210 million to boost liquidity at the foreign exchange market.

The CBN had remained committed in its aggressive interventions at the foreign exchange market.

The apex bank had injected over $16 billion to the foreign exchange market since February 2017, while the investors’ window has attracted over $20 billion since inception.

The liquidity boost by the CBN had curtailed volatility at the FX market and had also checkmated activities of speculators at the market.

Support PREMIUM TIMES' journalism of integrity and credibility


Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: To place a text-based advert here. Call Willie - +2347088095401

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.