Naija Talk community

Ghana Lotto Results, F-t-a Satellite Technology, Sport forcast, ICT forum.
HomePublicationsFAQSearchMemberlistRegisterUsergroupsLog in

Share | 
Get paid even when you loose in the new 1960bet
Sign up for free Merrybet account

 Naira hits N215 to dollar at BDC’s segment

View previous topic View next topic Go down 

Sex : male
Posts : 20755
Location : lag

PostSubject: Naira hits N215 to dollar at BDC’s segment   2015-02-21, 19:54

Lagos – The Naira on Friday depreciated by N5 to the dollar as it traded N215 at the Bureau De Change (BDCs) segment of the official market.
It also depreciated by N7 at the black market, selling at N217 to the dollar.
A dealer, who preferred anonymity, told the News Agency of Nigeria (NAN) in Lagos that the depreciation might be due to the closure of the Retail Dutch Auction System (RDAS) by the CBN.
It was closed by CBN on Feb. 18.
RDAS is a foreign exchange window at CBN where the Bureau de Change and commercial banks buy forex.
The dealer said that the CBN’s decision, which was meant to control speculations, had made other currencies to be scarce.
He also said that dealers were left to source for forex only at the interbank market unlike in the past when they had three to four segments to buy.
Besides, the Naira against the pound at the BDCs exchanged for N332 from the N307 it sold on Monday.
It went for N335 at the black market from the N314 it sold four days ago.
The Naira lost N5 to the Euro to sell at N240, when compared with the N235 it sold on Monday Feb.16 at the BDCs.
The currency, at the black market, traded for N244 as against the N237 it traded on Monday.
Back to top Go down
View user profile
Naira hits N215 to dollar at BDC’s segment
View previous topic View next topic Back to top 
Page 1 of 1

Reister on merrybet
Join Ultimate Cycler and start making cool cash before it's too late

Permissions in this forum:You cannot reply to topics in this forum
Naija Talk community :: General :: News-
Ntcguys © 2012 Naija Talk Community. R-Uk Company, Inc. All Rights Reserved.