NewsExpress advert FCMB banner Fidelity bank banner NewsExpress advert
Suspicion worsens dollar scarcity

By News Express on 15/11/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 1,178


Suspicion and fear permeates Lagos parallel market as traders struggle to come to terms with last week’s raid by security operatives, the News Agency of Nigeria (NAN) reports.

The situation worsened the scarcity of the greenback as traders’ fear that men of the Directorate of State Security (DSS) were still disguising as potential foreign exchange buyers in the market.

A currency trader, who pleaded anonymity, said the situation might further erode the gains made by the CBN in ensuring the sale of the proceeds of Diaspora remittances to BDCs.
Meanwhile, currency traders said that it was difficult to put a price on the dollar since it had become scarce.

However, the Pound Sterling and the Euro closed at N560 and N500 at the parallel market.
At the BDC window, a dollar traded at N385/N400, CBN controlled rate, while the Pound Sterling and the Euro closed at N555 and N500, respectively.

The Naira lost 25 kobo at the interbank market to close at N305.25, from N304.75 recorded on Friday.

NAN recalls that some operatives of the DSS had on Thursday raided some unregistered BDCs and parallel market traders over an alleged arbitrary sale of forex above the official price. (NAN)

Source News Express

Posted 15/11/2016 4:41:02 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

 

You may also like...
Battle for Rivers: Aso Rock bows to pressure,...

Aso Rock under fire over alleged threat to...

Reps rule out timely passage of 2018 budget...

More trouble for Diezani Alison-Madueke in America

BNYL gives military 7 days to vacate South...

Leave Ibori alone: Uduaghan

Chibok Girls: Gov. Shettima has case to answer,...

Cloudy and sunny conditions to dominate today’s weather:...

Ganduje, Kwankwaso feud consumes Kano Assembly Chief Whip...

Ogah rejects Abia PDP guber primary result, dismisses...

Day Kalabari Council of Chiefs celebrated 11 years...

Pictured: Convicted killer saved by victim’s parents minutes...

 

Latest News Foreign Affairs Minister, Nnamani, others escape death as thugs disrupt Enugu APC Congress IPOB: Jewish worshippers dare police APC congresses: Six states produce 12 factional chairmen 2019: Buhari can’t win without nPDP – Saraki Kaduna appoints 77 new district heads APC faction upsets Tinubu, holds separate congress in Lagos Ohanaeze youths back Ijaw youths on restructuring Rampaging herdsmen kill 6 in another deadly attack in Benue Okorocha kicks as Imo APC holds congress 110 confirmed dead in Cuba plane crash; black box found Abdullahi says APC won’t recognise parallel congresses Miyetti Allah backs WAANSA Nigeria in battle against small arms proliferation

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (344,879 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (341,489 views) Shameless Genevieve Nnaji exposes breasts in public (272,998 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (224,446 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (204,933 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (202,414 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (176,649 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (158,954 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (150,003 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (143,115 views) Lagos plane crash: Journalist releases victims’ names (139,796 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (132,215 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (40) Business & Economy (3,135) Business Verdict (43) Columnists (853) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (497) Features (594) Global Business Monitor (273) International (1,964) Interview (149) Live Commentary (28) Love Matters (119) News (35,434) Opinion (949) Pidgin (10) Politics (5,019) Religion (741) Sports (1,512) Stock Watch (28) AMA & Al Jazeera Global Update

 

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

Boko Haram commanders surrender

 

APO Group Partner

 

 

CLASSIFIED ADS

REVEALED: 3 natural ways to get stronger erections, last 25minutes on bed, and increase manhood size without using drugs. Also, Natural Prostrate Enlargement Remedy.. Get In HERE...

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement