XtremeLoaded Forum

Welcome, Guest: Join XtremeLoaded / Login / Trending / Recent / New
Stats: 13,395 members, 5,148 topics. Date:   January 19, 2018, 12:40 am

Naira falls further to N395/$1 - Bank/Money - XtremeLoaded

XtremeLoaded Forum / Bank/Money / Naira falls further to N395/$1 (1 Post | 236 Views)

Naira trades at N455 to a dollar at black market / How to get Loan upto N500,000 with Gtbank Salary Advance Request / Naira appreciates against dollar in all segments of Forex market /


(1) (Reply) (Go Down)

Naira falls further to N395/$1 by Everest(m) : 6:05 am On Apr 04, 2017


The naira on Monday depreciated further at the black market in spite of the commitment of the CBN to boost liquidity in the market, newsmen report.

The naira lost two points to exchange at N395 to the dollar from N393 recorded on Friday, while the pound sterling and the Euro closed at N480 and N415, respectively.

At the Bureau De Change (BDC) window, the naira was sold for N362 to the dollar, while the Pound Sterling and the Euro closed at N483 and N430, respectively.
Naira-Dollar

Trading at the interbank market saw the naira closed at N306.3 to the dollar.

Traders at the market expressed optimism that the naira would bounce back as the CBN continued to boost liquidity at the interbank market and the BDC sector in the week.

Meanwhile, Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON) said that the apex bank had reduced the time lag between the funding of their accounts and the disbursement of foreign exchange.

Gwadabe said that with more liquidity at the BDC window and effective distribution of foreign exchange, the naira was well positioned to bounce back.

(1) (Reply)

Importance of Bank Verification Number / UBA grows profit to N62 billion In nine months / How to Get loans easily using an android App called PayLater /

Viewing this topic: 1 guest viewing this topic

(Go Up)

Xtremeloaded - Copyright © 2018 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