Naija Talk community

Ghana Lotto, F-t-a Satellite Technology, Sport forcast, News And ICT forum.
 
HomeFAQSearchMemberlistRegisterUsergroupsLog in
Share | 
 

 Naira gains N6 at parallel market

View previous topic View next topic Go down 
AuthorMessage
smile2012
Ultimate
Ultimate


Sex : male
Posts : 20750
Location : lag

PostSubject: Naira gains N6 at parallel market   2016-02-24, 07:06

The naira further gained N6 on Tuesday, trading at N364 to the dollar at the parallel market, following President Muhammadu Buhari’s stance not to devalue the currency.
The News Agency of Nigeria (NAN) reports the naira exchanged at N370 to one dollar on Monday.
Mr. Buhari had on February 20 insisted that the government would not devalue the naira in spite of wide gap between the official and the parallel market rates.
The acting president of the Association of Bureaux De Change of Nigeria (ABCON), Aminu Gwadabe, said in Lagos on Tuesday that the body had decided to introduce weekly foreign exchange rate band.
Mr. Gwadabe said this would be used as a guide to all bureau de change operations and members of the public on the prevailing exchange rate across the country.
According to him, this is to forestall exploitation of foreign exchange end-users and also to ensure that they are informed enough to avoid falling victims of exploitation.
The naira, however, remained at N199.50 to the dollar as the official bank rate.
Back to top Go down
View user profile
Safex
Master
Master


Posts : 14223
Location : Arabsat 20E

PostSubject: Re: Naira gains N6 at parallel market   2016-02-24, 15:45

continue o
Back to top Go down
View user profile
peter pan
Master
Master


Posts : 10942
Location : UNITED

PostSubject: Re: Naira gains N6 at parallel market   2016-02-24, 19:04

Buhari must be inpeached if not care of this dollar issue
Back to top Go down
View user profile
peter pan
Master
Master


Posts : 10942
Location : UNITED

PostSubject: Re: Naira gains N6 at parallel market   2016-02-24, 19:05

Buhari must be inpeached if not care of this dollar issue
Back to top Go down
View user profile
smile2012
Ultimate
Ultimate


Sex : male
Posts : 20750
Location : lag

PostSubject: Re: Naira gains N6 at parallel market   2016-02-24, 23:51

@Safex wrote:
continue o
Mr apari...wetin
Back to top Go down
View user profile
ancl
Master
Master


Posts : 17347

PostSubject: Re: Naira gains N6 at parallel market   2016-02-25, 06:36

@peter pan wrote:
Buhari must be inpeached if not care of this dollar issue
Na you go impeached him??
Back to top Go down
View user profile
 
Naira gains N6 at parallel market
View previous topic View next topic Back to top 
Page 1 of 1

Permissions in this forum:You cannot reply to topics in this forum
Naija Talk community :: GHANA LOTTO - BABA IJEBU FORUM-
Jump to: