Skip to main content

Naira trades N370 to dollar at parallel market

Image result for naira
Lagos – The Naira appreciated by N20 on Monday, exchanging for N370 to the dollar at the parallel market. The Naira sold at N390 to one dollar on Feb 19. However, it closed at N199.50 to the dollar as the official bank rate. A trader, who preferred anonymity, said that the market
was hopeful that the Naira would appreciate more by next week. He said that the Association of Bureau De Change Operators of Nigeria (ABCON) would meet on Tuesday in Lagos to strategise on how the currency would bounce back. The trader predicted that the Naira could appreciate against the dollar between N200 and N250 next week. President Muhammadu Buhari had on Feb. 20 insisted that the government would not devalue the Naira in spite of wide gap between the official and parallel markets.

Comments

Popular posts from this blog

The Rich Kids of Russia: Instagram mocks the children of oligarchs photographed posing beside luxury golden cars, mansions and private jets

An anonymous Instagram account revealing the lifestyles of the rich children of Russian oligarchs has become an internet sensation. The biography of the anonymous profile says it is dedicated to documenting the lives of the kids from Russia growing up in luxury.  The account specializes in collecting photos of rich Russian kids that they post online themselves, with everything from luxury cars through to selfies with expensive cars, boats or famous people.

Britain sends envoy to Zimbabwe ahead of inauguration

Britain’s Africa minister Rory Stewart arrived in Zimbabwe on Thursday for wide-ranging talks, ahead of the inauguration of a new president following Robert Mugabe’s dramatic departure.

Stewart is due to meet political and business leaders, as well as human rights groups and NGOs, the UK foreign ministry said in a statement.

His arrival in the capital Harare comes just days after Mugabe’s resignation on Tuesday, ending his 37-year rule as MPs gathered in parliament to impeach their 93-year-old leader. Stewart described the historic change as “an absolutely critical moment” following 

Anambra election: Non voters refused access to Onitsha-Enugu expressway, others

One of the military personnel told NAN under anonymity that only accredited vehicles were allowed to pass through the road block.

In Ifte-Awka, Okpuno, Amawbia, Nibo and Umudioka, all in Awka South Local Government, security personnel were seen at all the major junctions and polling units.

At Aroma Junction in Awka, INEC presiding officer, Mr. Joshua Ejimbi, told NAN that he was happy with the level of security at the centre.

A local observer from the Centre for Citizens with Disability, Mr. David Anyamele, also corroborated the position of Ejimbi on security and applauded various security organisations for massive deployment of their personnel for the election.