XtremeLoaded Forum

Welcome, Guest: Join XtremeLoaded / Login / Trending / Recent / New
Stats: 12,527 members, 4,500 topics. Date:   February 26, 2017, 12:17 am

Naira falls as dollar scarcity worsens - Bank/Money - XtremeLoaded

XtremeLoaded Forum / Bank/Money / Naira falls as dollar scarcity worsens (1 Post | 145 Views)

MMM Nigeria opened but setup maximum payout per day / Ecobank , Global Fund partner to eliminate Malaria, others / GTBANK SMS MOBILE BANKING MADE EASY /

(1) (Reply) (Go Down)

Naira falls as dollar scarcity worsens by Everest(m) : 11:22 PM On 2016

The Naira on Friday fell at the parallel market as dollar scarcity worsened ahead of the Christmas season.

The Nigerian currency exchanged at N487 to a dollar, from N485 it had maintained for close to two weeks, while the Pound Sterling and the Euro closed at N605 and N510 respectively.

At the Bureau De Change (BDC) window, the Naira closed at N399 to a dollar, CBN controlled rate, while the Pound Sterling and the Euro traded at N606 and N515 respectively.

The Naira remained stable at the inter-bank market, trading at N305 to a dollar.

Traders said that the demand for dollars was putting pressure on the Naira.

(1) (Reply)

Innovation: The Future Of E-Payment in Nigeria. / I won’t devalue Naira, Buhari insists / (MMM Nigeria) Appeal to Journalists from Sergey Mavrodi /

Viewing this topic: 1 guest viewing this topic

(Go Up)

Xtremeloaded - Copyright © 2017 Collins Ezeakonam. All rights reserved.
Disclaimer: Every XtremeLoaded member is solely responsible for anything that he/she posts or uploads on XtremeLoaded. Contact Us admin (at)xtremeloaded.com