Naira Crashes Deeper Against Dollar

block;width:300px;height:250px" data-ad-client="ca-pub-6421572098224086" data-ad-slot="3363741150">
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.

Please follow and like us:

Related Post

Dino Melaye’s WASC Results Has Three Credits... Dino Melaye's WASC Results Has Three Credits Only Sponsor-SaharaReporters SaharaReporters has obtained Senator Dino Melaye’s West African Ex...
ASUU AND NANS AT WAR | ASUU GIVE DATE TO CALL UP S... ASUU AND NANS AT WAR | ASUU GIVE DATE TO CALL UP STRIKE Welcome to Karisas travel: Here we have complete details on Asuu, Nevertheless we have | LATES...
WE HAVE RECOVERED N681BN DEBT IN THE LAST SIX YEAR... WE HAVE RECOVERED N681BN DEBT IN THE LAST SIX YEARS – AMCON Sponsored The Asset Management Company of Nigeria (AMCON) on Monday said it has ...
WAEC to Hold Exams in One Year WAEC to Hold Exams in One Year WAEC - West African Examinations Council just made it public today on the number of times to conduct Exams in the ...
Northern Nigeria People More favored in the Latest...   Northern Nigeria People More favored in the Latest SSS Recruitment (See Full List of Names With Photos) Nigeria is yet to define her stands...
N’Assembly Must pass 2017 budget Come May 9 – Sen.... N’Assembly Must pass 2017 budget Come May 9 – Sen. Gobir N’Assembly Must pass 2017 budget Come May 9 – Sen. Gobir Presently Nigerians in general have...
Fulani Herdsmen At It Again Attacks Enugu Communit... Fulani herdsmen at it again do not forget Northern Governors claims they are from Mali, Senegal, Chad and not herds men from northern Nigeria. ...
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...
Dubai New Jobs Are you tired of Nigeria and its policies that are not friendly to Economic growth or are you just tired of Nigeria because you have searched ...
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...
See Nigerian Girl Who Tells a Guy To Send Her Mone... See Nigerian Girl Who Tells a Guy To Send Her Money Before She Gives Him Her Phone Number See Nigerian Girl Who Tells a Guy To Send Her Money Before ...
Nnamdi Kanu, Set To Expose Secrets That Will Break... Federal High Court in Abuja Trial Justice Binta Nyako has just permitted Federal Government to shield identities of witnesses ready to testify again...
Goodluck Jonathan Doesn’t Have Any Bank Account, ... The former president of Nigeria Dr Good luck Ebele Jonathan yesterday, set straight rumors form media news that he was involve in the bribe scandal ...
PERFECT WAY TO REGISTER BUSINESS OR COMPANY WITH C... PERFECT WAY TO REGISTER BUSINESS OR COMPANY WITH CAC THE PERFECT WAY ON HOW TO REGISTER BUSINESS OR COMPANY WITH CAC | PERFECT WAY TO REGISTER BUSINES...
President Buhari Fighting Corruption With One Fing... President Buhari Fighting Corruption With One Finger Recall That yesterday President Buhari Suspended ths SGF and NIA DG-SGF Lawal leaving the pres...
Jammeh Of Gambia: Looted $11 Million Cash on Tinub... The game of 22-years dictatorship came to an end on Saturday night after Asiwaju Bola Tinubu came to the rescue of the former Gambian president wi...
READ  Goodluck Jonathan Doesn’t Have Any Bank Account, Aircraft Or Real Estate Abroad
Tags:

Add a Comment

Your email address will not be published.