Tag Archives: Pounds

Excessive demand for Euro, Pound Sterling may hamper stability of exchange rate – Expert

The Central Bank of Nigeria (CBN) may lose the battle in defence of the Naira, if the growing demand for the Pound Sterling and the Euro by speculators was not checked According to a foreign exchange market specialist, the excessive demand for the Sterling and the Euro, by speculators for currency trading conversion may, cause distortions on the established stable ...

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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 ...

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