Guest Join UsHey Guest,
Welcome, Join our awesome community where you can discuss on various topics :-
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Some point about your community
Much More.. or Create an Account

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Naira Slumps Further, Exchanges For 473/$
Quote:The naira suffered further setback at the parallel market and Investors and Exporters forex window on Tuesday.

According to figures obtained from Bureau De Change operators, the naira exchanged to the dollar for 473/$ at the parallel market.

It had earlier gained in recent times after it closed the year 2020 at 467/$.

At the I&E window, the naira fell by 0.17 per cent to close at 394/$ on Tuesday.

It reached a low of 401 at the I&E window at the close of 2020.

The Central Bank of Nigeria however maintained the official exchange rate at N379/$ on its website.

The Association of Bureaux De Change Operators of Nigeria recently appealed to the CBN to make BDCs payout agents for diaspora remittances.

The President, ABCON, Alhaji Aminu Gwadabe, said the apex bank should leverage the over 5,000 licensed BDCs across the country to get dollars seamlessly to beneficiaries.

Gwadabe said this would help in providing a more convenient channel for Nigerians in the diaspora to remit funds back to the country to boost economic development.

[Image: 12980509_img20210113072420858_jpeg9ef4d6...77c3b2c7d2]

Possibly Related Threads...
Thread Author Replies Views Last Post
  Naira To Trade At 386/$ As CBN Resumes Forex Sale To BDCs Edoman 0 179 08-27-2020, 11:10 PM
Last Post: Edoman
  Mojisola Adeyeye: It Costs Two Million Naira To Destroy A Container Of Tramadol Edoman 0 204 08-26-2020, 08:53 AM
Last Post: Edoman
  Naira weakens to N480/$1 on plans to re-start international flights Edoman 0 210 08-19-2020, 10:29 AM
Last Post: Edoman
  World Bank delays approval for Nigeria’s $1.5bn loan over Naira reform Edoman 0 202 08-19-2020, 09:46 AM
Last Post: Edoman
  AMCON Seizes Multimillion Naira Properties In Owerri (Photos) Edoman 0 237 08-10-2020, 09:40 PM
Last Post: Edoman
  Naira Plunges To N472/$ As Forex Scarcity Worsens Edoman 0 210 07-29-2020, 12:57 PM
Last Post: Edoman
  Naira Now N472 To Dollar At Parallel Market Edoman 0 246 07-21-2020, 10:52 PM
Last Post: Edoman
  Naira to depreciate further as demand gap widens Edoman 0 225 07-07-2020, 08:31 AM
Last Post: Edoman

Users browsing this thread: 1 Guest(s)


About contripeople

Contripeople forum description.

              Quick Links

              User Links