Naira weakens, now N357/$1



  • Administrator
  • Hero Member
  • *****
  • Posts: 7001
    • View Profile
Naira weakens, now N357/$1
Posted on: June 07, 2016, 08:57:22 AM

The Naira on Monday weakened further against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports.

The currency exchanged at N357 for a dollar as against N350 it traded on Friday.
However, the naira maintained stability with the Pounds Sterling and Euro, trading at N505 and N397 to each of them, respectively.

Meanwhile, pending the release of modalities for the operation of the proposed flexible exchange rate, the official rate remained at N197 to a dollar.
Traders at the market decried the delay in the release of modalities as proposed by the Central Bank of Nigeria (CBN).

They expressed optimism that a flexible exchange rate would rejuvenate the market.


  • Global Moderator
  • Full Member
  • *****
  • Posts: 141
    • View Profile
Re: Naira weakens, now N357/$1
#1 Posted on: June 07, 2016, 09:24:11 AM
Nigeria in a deep shit


Quick Reply



Type the letters shown in the picture
Listen to the letters / Request another image
Type the letters shown in the picture:
4 + 5 is what?:

Related Topics

  Subject / Started by Replies Last post
0 Replies
Last post October 12, 2014, 12:27:41 PM
by Everest
0 Replies
Last post August 05, 2015, 10:52:14 PM
by Everest
1 Replies
Last post December 29, 2016, 10:39:10 PM
by Gonzaga