Naira sells at N362.5 per dollar at parallel market

The Naira  traded at N362.5 to the dollar at the parallel market on Tuesday.
Meanwhil, the Pound Sterling and the Euro closed at N476 and N426 respectively.
At the Bureau De Change (BDC) window, the Naira flattened at N362 to the dollar, while the Pound Sterling and the Euro closed at N476 and N426 respectively.
Trading at the interbank window saw the Naira closed at N359.87, while the CBN rate closed at N305.9 to the dollar.
According to Traders, Patronage at the market was low as they awaited the outcome of the Monetary Policy Committee (MPC) meeting of the CBN.
Meanwhile, the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, noted that the investors and exports window had maintained a positive influence in the foreign exchange market
Emefiele said at the end of the MPC meeting that the window transacted more than 18.7 billion dollars since it commenced transaction in April.
He added that the Naira had remained stable at the parallel market, while the investors ’window had boosted confidence on the economy.
The MPC meeting of the CBN retained the benchmark interest rate at 14 per cent alongside other monetary policy parameter.