Loading...

Author Topic: Naira strengthens against the dollar Again  (Read 3428 times)

0 Members and 2 Guests are viewing this topic.

Offline naij

  • Full Member
  • ***
  • Posts: 159
    • View Profile
Naira strengthens against the dollar Again
« on: May 12, 2017, 01:23:45 AM »


The Naira on Thursday gained N2 against the dollar at the parallel market as it was traded at N386 to the dollar, stronger than the N388 it closed on Wednesday.


At the same segment, the pound sterling and the Euro closed at N495 and N425, respectively.

At the Bureau De Change (BDC), the naira was N362 to the dollar, while the pound sterling and the Euro exchanged for N492 and N423, respectively. The naira was exchanged at N305.6 to the dollar at the interbank.

Currency traders said that the weekly offering of foreign exchange to BDCs by the CBN was paying off and restoring stability to the exchange rate.

Alhaji Aminu Gwadabe, the President of Association of Bureau de Change Operators of Nigeria (ABCON), said that he expected the naira to continue to appreciate in the coming weeks.

Gwadabe said that BDCs had taken measures to ensure that they would not run foul of the law in the foreign exchange market.



 

Lagos State is in 1 trillion naira debt - Femi Fani-Kayode

Started by admin

Replies: 0
Views: 292
Last post September 13, 2014, 11:33:59 AM
by admin
Economists urges President Buhari to resist devaluation of the naira

Started by internet police

Replies: 0
Views: 322
Last post November 14, 2015, 07:30:09 PM
by internet police
Nigerian FG move to devalue Naira after removing fuel subsidy

Started by admin

Replies: 0
Views: 125
Last post May 12, 2016, 06:15:43 PM
by admin
Nigerian Naira Appreciates against dollars At 253/$ As Interbank Market Opens

Started by internet police

Replies: 0
Views: 170
Last post June 22, 2016, 01:21:38 AM
by internet police
CBN devalues naira, raises interest rate to 13 per cent

Started by jchima14

Replies: 0
Views: 206
Last post November 25, 2014, 11:58:06 PM
by jchima14
Naira to float in 3-year economic recovery plan

Started by naij

Replies: 0
Views: 163
Last post March 08, 2017, 07:27:10 AM
by naij
Naira gains 12.36 % in one week at Parallel market

Started by yungcrux

Replies: 0
Views: 299
Last post March 27, 2017, 01:18:28 AM
by yungcrux
Naira touched down further, hits N390/$1

Started by naij

Replies: 0
Views: 271
Last post March 24, 2017, 03:07:29 AM
by naij
Naira again depreciates to N365.25/$

Started by admin

Replies: 0
Views: 270
Last post August 19, 2016, 07:09:41 AM
by admin
CBN Reveals Why Naira is appreciating

Started by Naijaloaded

Replies: 0
Views: 251
Last post March 03, 2017, 08:56:27 AM
by Naijaloaded