nairaland NAIRA NAIJA NEWS BLOG: best blog in nigeria africa for breaking NEWS, sport news, gossip , information, leak ( leaks ), info about entertainment , events , promo, fashion, style ( make up , dressing, fittness ) articles , foreign updates, political analysis ( pdp, apc, world partiies ( party ) global politics, how to ( how-to ), photo ( photos ) jokes, accident , health tips ), hotel listing, competiton results, school listing, 


  • Latest News

    Wednesday, April 12, 2017

    Naira Loses More Ground To The Dollar. See The New Exchange Rate



    The Nigerian naira lost more ground to the dollar at the parallel market on Tuesday, despite intervention of the Central Bank of Nigeria (CBN)....


    Naira traded at 410 to the dollar at the parallel market, from about 405 at the close of business on Monday. The British pound and euro traded at N490 and N430 respectively.

    At the official side of the market, the naira also exchanged at 306 to the greenback.

    On Monday, the CBN opened a new foreign exchange window for small and medium enterprises (SMEs) to received as much as $20,000 per quarter for import of eligible finished or semi-finished items.

    The apex bank also auctioned $100 million to authorised dealers at the interbank wholesale window.

    Isaac Okorafor, the bank’s spokesman, said the sum of $99,544,417.45 was picked up by dealers out of the $100 million offered by the Bank during the last wholesale auction on April 6, 2017.

    He also revealed that operators in the Bureau De Change (BDC) segment have duly funded their accounts with the CBN in anticipation of picking up the dollar equivalent ($10,000) on Tuesday.

    It is expected that the fresh $10,000 sold to BDCs on Tuesday will strengthen the naira by Wednesday.


    ADD US ON  BB PIN:7AC2BDC8
    -----------------
    • Blogger Comments
    • Facebook Comments

    0 ADD COMMENT:

    Post a Comment

    Add Our BBM PIN For Instant Updates : BB PIN:53182C9D


    WE LOVE COMMENTS, POST A COMMENT

    Item Reviewed: Naira Loses More Ground To The Dollar. See The New Exchange Rate Rating: 5 Reviewed By: Olaniyan Tosin
    Scroll to Top