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Naira slumps to N900 against Dollar

Victorious

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8 months ago

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NAIJA NEWS: Naira slumps to N900 against Dollar [New Naija News] » Naijacrawl
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Nigeria’s currency, the Naira, slumped to N900 against the Dollar at the parallel market on Wednesday.

Read Also : Naira slumps to 980/dollar amid Forex scarcity


Ahmed Gazali, a Bureau De Change Operator, confirmed the rate to the Daily Post on Thursday morning.

Meanwhile, the Naira traded at N773.42 in the official market against the Dollar.

The figure represents a marginal depreciation of 0.35 percent compared with N770.72, the value of the naira traded against the Dollar on Tuesday.

The development comes barely 48 hours after the resumption of the Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun.

The Daily Post reported that the Naira traded at N850/$1 at the parallel market earlier this week.

The Central Bank of Nigeria last week announced new policy guidelines for BDCs and the Price Verification Portal to stymie forex speculators.

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Victorious

Ojo Sunday Victor, A Professional Graphics Designer, and a skilled Content Writer in Entertainment, News and Sport Update.!An Undergraduate in Ladoke Akintola University of Technology (LAUTECH, Ogbomoso). Read More

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Naija News

Naira dips further from N422.71 to N430 per dollar

Victorious

Published

1 year ago

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NAIJA NEWS: Naira dips further from N422.71 to N430 per dollar [New Naija News] » Naijacrawl
Photo: Naijacrawl
The Naira has continued to decline after it recorded another big fall in the official market on Tuesday, losing 0.9 percent to the dollar.The FMDQ published data at the beginning of trading on Tuesday showed that the Nigerian currency opened at N422.71 but closed at N430.00 to a dollar at the end of the trading window for the day, representing a N4.25 or 0.99 per cent devaluation from N425.75 recorded on the previous market day.The Naira has been undergoing signific...
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Piroll

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NAIJA NEWS: 2 Scammers Arrested In Ogun For Naira-Dollar Fraud [New Naija News] » Naijacrawl
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Naira closes at 380/dollar as forex supply rises

kizinho

Published

7 years ago

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NEWS: Naira closes at 380/dollar as forex supply rises [New Naija News] » Naijacrawl
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The naira rose to 380 per United States dollar on the parallel market on Thursday, up from 390 it closed on Wednesday.This came hours before the Central Bank of Nigeria sold $20,000 each to Bureau De Change operators. The CBN had sold $20,000 to each of the BDCs earlier this week to boost liquidity. The central bank sold its usual $1.5m on the spot market on Thursday at 305.50 per dollar, according to Thomson Reuters data.According to analysts, the C...
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