CEM REPORT, FINANCE | The Nigerian Naira (NGN) is trading at a marginal gain against the dollar on Thursday both at the parallel and official markets while losing against the Great British Pounds and Euro.
At commencement of Thursday trading, Parallel Market dealers currently sell 1 United States Dollar (USD1) at N790 naira while they are willing to buy the same currency at N751. This is against the N749.50 the dealers sold yesterday while they were buying at N750.50
At the Official window, rates movement has been marginal as well as the naira sells at 460.78 to a dollar as at the time of filling this report.
At the black market, CEM gathered that Great British Pounds (GBP) is bought at 926 NGN while it is sold at 938 to 1 GBP.
Also, the European euros sells at 800 naira while dealers buy at 790 naira at the parallel market while at Official rate, it is 500.7296 to a euro.