The Naira
on Thursday remained indifferent to the sale of over $250m to licensed Bureau
De Change operators nationwide as it suffered another loss against the dollar.
The Naira
inched against the dollar at the early hours of Thursday morning by 2 points
but could not sustain the gain as it shed 3 points to close at N498 to a dollar
at the open market.
The Pound Sterling and the
Euro traded at N596 and N520, respectively, at the open market.
At the BDC
window, the Naira exchanged at N399 to a dollar, CBN controlled rate, while the
Pound Sterling and the Euro closed at N599 and N522, respectively.
Trading at
the interbank market saw the Naira weakening further as it closed at N305.50,
from the N305.25 it recorded on Wednesday.
Traders at
the market were hopeful that the Naira would bounce back as quickly as
possible.
They,
however, noted that the Naira was waging a guerilla-like war against
speculators who manipulate the market for their selfish ends.
-NAN
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