Update! Naira Slumps Further, Exchanges For 473/$ [Read More]

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Update! Naira Slumps Further, Exchanges For 473/$

The naira suffered an extra setback on the parallel market and Traders and Exporters foreign exchange window on Tuesday.
In response to figures obtained from Bureau De Change operators, the naira exchanged to the greenback for 473/$ on the parallel market.

An Cafke Dan Nijeriya Bisa Mutuwar Wata Lauya A Nairobi

It had earlier gained in current occasions after it closed the 12 months 2020 at 467/$.

On the I&E window, the naira fell by 0.17 per cent to shut at 394/$ on Tuesday.

It reached a low of 401 on the I&E window on the shut of 2020.

The Central Financial institution of Nigeria nevertheless maintained the official trade charge at N379/$ on its web site.

The Affiliation of Bureaux De Change Operators of Nigeria just lately appealed to the CBN to make BDCs payout brokers for diaspora remittances.

The President, ABCON, Alhaji Aminu Gwadabe, stated the apex financial institution ought to leverage the over 5,000 licensed BDCs throughout the nation to get {dollars} seamlessly to beneficiaries.

Gwadabe stated this may assist in offering a extra handy channel for Nigerians within the diaspora to remit funds again to the nation to spice up financial growth.

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