GTB 737 banner Yudala banner

Dollar crashes again at parallel market

By News Express on 06/03/2017

Share on facebook Yahoo mail icon Gmail icon

Views: 1,198

•US Dollar.
•US Dollar.

The greenback on Monday crashed against the Naira, as the Nigerian currency gained 5 points at the parallel market against the Dollar.

The Naira traded at N460 to a dollar, after speculators had forced it 3 points down amid liquidity boost on Friday.

However, the Naira weakened against the Pound Sterling but maintained its Euro rate as it traded at N560 and N480, respectively.

At the Bureau De Change (BDC) window, the Naira was sold at N399 to 1USD, while the Pound Sterling and the Euro closed at N580 and N525, respectively.

The Nigerian currency also traded at N305.50 at the interbank window.

In other segments of the market, Deposit Money Banks (DMBs) and Travelex, an International Money Transfer Services Operator, sold the Naira at N370 to 1 USD.

Traders expressed the hope that the strengthening of the Naira would reposition the economy for greater productivity.

They, however, appealed to the CBN to sustain the liquidity boost in the market so that the Naira could sustain its gains against the dollar.

Some Nigerians, however, expressed worry that the gains of the Naira against the dollar had not translated in the reduction in the prices of goods and services. (NAN)

Source News Express

Posted 06/03/2017 9:51:23 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Ese’s abductor handcuffed and docked, remanded in prison...

Davido, baby mama fight dirty

Pope expands criteria for sainthood

Convicted former governor of Adamawa, granted bail

US presidential aspirants head for new battles

EFCC witnesses tell court how FIRS Director collected...

Nwabueze raises the alarm over alleged plot to...

Uduaghan: The cat with nine lives

Immunise your child now, Obiano’s wife urges Anambra...

Fidelity Bank COO mulls better customer data use...

BREAKING NEWS: Nigeria crashes down five places in...

Abia working towards self-dependence —Ikpeazu

 

Latest News Leadership crisis rocks Buhari campaign organisation Int’l Criminal Court considers petition on Nigeria’s N11tn electricity sector scam Police Inspector jumps into well after killing colleagues Buhari receives Osinbajo report on Babachir, Oke Apostle Suleman bags Doctorate Degree in US, receives key from Atlanta Mayor Child suicide bomber kills 4 defence personnel in northern Cameroon Lawyers demand resignation of Rivers Police Commissioner Nigeria plans N193bn Treasury bill sale next week Youths protest escape of ritual suspect from police custody Edo, Delta govts depriving Egbema kingdom of entitlements: EYPF president Rooney retires from international football Dangote, Niger State strike $450m sugar production jumbo deal

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (272,692 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (254,598 views) Shameless Genevieve Nnaji exposes breasts in public (206,895 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (174,620 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (173,480 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (154,972 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (134,191 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (125,259 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (118,227 views) Lagos plane crash: Journalist releases victims’ names (109,563 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (108,856 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (101,407 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,665) Business Verdict (20) Columnists (728) Complaints & Requests (92) Enterprise & Opportunities (174) Entertainment (353) Features (479) Global Business Monitor (172) International (1,498) Interviews (128) Live Commentary (28) Love Matters (68) News (27,692) Opinion (787) Pidgin (8) Politics (3,869) Religion (600) Sports (1,310) Stock Watch (23) AMA & Al Jazeera Global Update

 

UBA mobile app

CBN words on marble advert

 

 

President Muhammadu Buhari's National Broadcast

 

APO Newsbreak logo

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!