• Wednesday, May 29, 2024
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Dollar sells at N380 as CBN holds press conference


The foreign exchange market on Monday resumed with dollar selling at N380/$ in some area of Lagos.

With strong bargaining power you can buy dollar at the rate of N377 at Eko hotel and Festac areas of Lagos State. But in Apapa, it is trading at N380 per dollar.

Naira exchanged at N410 per dollar last week on increased demand but later strengthened after the CBN ruled out any possibility of currency devaluation.

The Central Bank of Nigeria (CBN) is holding a press conference at 1.30pm in Abuja.


Hope Moses-Ashike