Fidelity bank banner UBA banner
Naira in free fall at parallel market

By News Express on 05/12/2015

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

Views: 1,954


The naira on Friday fell at the parallel market as the demand for dollars increased.

It lost N4 on Friday afternoon to exchange at N248 to the dollar, as against its previous value of N244.

However, at the inter-bank window, the naira exchanged at N197 to the dollar.

Traders at the market told the News Agency of Nigeria (NAN) that the high demand for the dollar was putting the currency of the biggest economy in Africa in a difficult situation.

They noted that the apex bank did not sell forex to Bureaux de Change on Friday, adding that the demand for dollar was far outstripping its supply. (NAN)

•Photo shows Finance Minister Kemi Adeosun.

Source News Express

Posted 05/12/2015 05:27:25 AM

 

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


 

CLASSIFIED ADS

 

You may also like...
Osinbajo disappoints Rivers APC, commissions Wike’s projects

Jaiz Bank emerges worst performing stock on NSE...

Nigerian doctor who shot 6 people in New...

FG, ECWA embark on joint effort to rescue...

Students, First Bank trade blames over N26m fees...

Delta Deputy Speaker registers 100 constituents for JAMB...

PDP rejects Rivers Governorship Tribunal Judgement, Wike to...

Lagos Lawmakers back Ambode over delay in forming...

APC Vice Chairman working against Buhari, APC for...

Free Trade Zones: Ghana calls on Nigeria to...

25-year-old Nigerian commits suicide after losing bet on...

Paris fund: Imoke, Ayade at war over consultancy...

 

Latest News BREAKING: Ex-Ohanaeze President Dozie Ikedife is dead Something is wrong with the leadership of the Nigerian Army: Ex-British Police Officer Liverpool, Spurs, PSG squeeze into Champions League Last 16; Napoli, Inter out Explosion rocks Umuahia Catholic Church Atiku, Ezekwesili absent as Buhari and other candidates sign Peace Accord Party Chairmen protest during signing of peace accord, allege deceit I wasn’t invited to Peace Accord meeting: Atiku South East activists meet, move against scientific rigging of 2019 elections Okowa, Aisha Buhari call for sensitisation on gender streaming, advocate a re-engineering of the civil service PDP to Buhari: Stop shielding corrupt relatives Gunmen hijack 18-seater passenger bus in Rivers Police receive 104,289 applications for 10,000 jobs

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (429,754 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (394,720 views) Shameless Genevieve Nnaji exposes breasts in public (327,612 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (280,937 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (247,767 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,214 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,035 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,248 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (179,523 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,391 views) Lagos plane crash: Journalist releases victims’ names (167,186 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,664 views)

 

Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,874) Business Verdict (54) Columnists (972) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (679) Global Business Monitor (311) International (2,807) Interview (167) Live Commentary (28) Love Matters (146) Maggie's Blog (69) News (41,353) Opinion (1,150) Pidgin (13) Politics (8,130) Religion (911) Sports (1,817) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera