The Naira on Friday crashes deeper at the black market as
dollar scarcity worsened.
What hopes does the Naira have in rising back to it lost
glory as from all indications,  it may be
seeing its trying period as the CBN plans to resume dollar sales to Bureau De
Change (BDC) operators.

Presently the Nigerian currency is exchanging at N497 to a
dollar at the black market, trailing two points from Thursdays; while the Pound
Sterling and the Euro traded at N597 and 515 correspondingly.

As at on Friday the BDC sold the Naira at N399 to a dollar,
while the Pound Sterling and the Euro closed at N600 and N515, correspondingly.
While at the interbank market window closed the Naira at N305.00
to a dollar.
Alhaji Aminu Gwadabe, President, Association of Bureau De
Change Operators of Nigeria (ABCON), believes that the Naira would spring back subsequently.
 Gwadabe said that the CBN would be
selling about 25 million dollars to BDCs next week and believes that this would
positively help in plummeting liquidity challenge in the Market.
He however advice Nigerians not to panic as the CBN was
working closely with the BDCs to make sure that the Naira recovers fast.

Related Post

Breaking: DSS arrests Ifeanyi Ubah for alleged oi... Breaking:  DSS arrests Ifeanyi Ubah for alleged oil theft over 11BN Breaking: DSS arrests Ifeanyi Ubah DSS arrests Ifeanyi Ubah for alleged oil theft...
Breaking-Meningitis Outbreak 2017: See List Of Sta... Breaking News-Meningitis Outbreak 2017|Meningitis Outbreak 2017|2018: See List Of States Affected In Nigeria Fungal Meningitis Outbreak 2015|201...
NYSC | STEPS ON HOW TO PRINT 2018 CALL UP LETTER |... NYSC | STEPS ON HOW TO PRINT 2018 CALL UP LETTER | EXEMPTION/EXCLUSION LETTER. NYSC | STEPS ON HOW TO PRINT 2018 CALL UP LETTER | EXEMPTION/EXCLUSION...
Northern Governors Pressurizes Vice President To R... Special adviser to the president on political affairs on Wednesday denied rumours going round that the acting president Yemi Osinbajo was been held ...
Tekno The Next Nigerian Star To Hit Into North Ame... Tekno The Next Nigerian Star To Hit Into North America Tekno to hit North America any moment from now- Tekno revealed more of his secret on how...
MMM Now In Kenya Promises 40 Percent Every Month MMM Now In Kenya. Promises 40 Percent Every Month MMM Now In Kenya. Promises 40 Percent Every Month. Just after frustrating Nigerians and leaving the...
UPDATE REDEEM 2017 CONVENTION | REDEEM BREAKINGS N... UPDATE REDEEM 2017 CONVENTION | REDEEM BREAKINGS UPDATE REDEEM 2017 CONVENTION | REDEEM BREAKINGS | rccg convention 2016 date, rccg annual convention ...
Delta communities Under Attack By Herdsmen Delta communities Under Attack By Herdsmen Information Reaching us reveals that Delta state and its communities are under attack by so called herds...
JOS CRISIS LATEST UPDATE | POLICE ON RAMPAGE SEE M... JOS CRISIS LATEST UPDATE | POLICE ON RAMPAGE SEE MORE Jos crisis: Police warn Plateau residents over inciting comments JOS CRISIS LATEST UPDATE | POLI...
Applications and Requirements: You Need To Get You... Karisas Travel Apply for your United State Visa today to begin your dream visit. The United State of America is a place in the world where the ple...
Nigerians Advised to Postpone U.S Trip For Now Nigerians has been advised to be on the safe side by postponing their planned trip to U.S until the new Administration’s Policy on Immigration is se...
Breaking News:Founder Of Reigners Bible Church Bui... REIGNERS BIBLE CHURCH COLLAPSE Apostle Akan weeks, founder of Reigners Bible Ministry who was also a victim by the collapse of his c...
JAMB News: 2017 UTME |JAMB Registration|JAMB Intro... 2017 UTME: JAMB Introduces Remita To Ease Pin Purchase For Registration JAMB NEWS JAMB 2017 JAMB REGISTRATION   This is Jam...
MMM Gives Hope To The Hopeless As It Returns MMM Gives Hope To The Hopeless As It Returns MMM Nigeria shocks its participants in as they stood by their promises and came back e...
Gambian President: Barrow Begins On A Wrong Founda... According to Reuters & BBC reporter Umaru Fofana reported that the new sworn in President. Adama Barrow breached the constitution by appointin...
WHY MUST POLITICIAN CHILDREN STUDY ABROAD ? WHY MUST POLITICIAN CHILDREN STUDY ABROAD ? LATEST ASUU STRIKE 2017 | SEE WHY POLITICIAN CHILDREN MUST STOP SCHOOLING ABROAD | WHY MUST POLITICIAN CHI...

Pin It on Pinterest

Share This