Politics, Sports, Business, Entertainment and News you will get nowhere else.

Friday, 3 February 2017

Naira slides to N500/$ at parallel market

The Naira on Friday depreciated further to N500 to a dollar at the parallel market after it had remained stable for nearly three weeks, the News Agency of Nigeria (NAN) reports.
The Pound Sterling and the Euro traded at N616 and N530 respectively at the open market.
The Nigerian currency, however, remained stable at the Bureau De Change (BDC) segment of the market exchanging at N399 to a dollar, while the Pound Sterling and the Euro closed at N617 and N527, respectively.


The Naira also remained stable at the interbank window exchanging at N305.25 to a dollar.
Traders at the market said that the scarcity of the greenback was far from being over.
NAN reports that in spite of the weekly sale of forex to BDCs by the apex bank, the Naira could not resist the temptation to fall. 


NAN

No comments:

Post a Comment

Disclaimer: Comments made by readers of this blog are strictly the views and opinions of the writers and not that of Nedu Echianu's Blog.

Credit is given to the original sources of culled stories, but in a situation where your story is wrongfully credited to someone else, please contact neduechianu@gmail.com for an immediate correction.

For eye witness reports, stories and features which you want published on this blog please contact me on +234-8037036168 or neduechianu@gmail.com.