The naira exchanged to the dollar at the rate of 480/$ at the parallel market on Friday according to the Bureau de Change operators.READ ALSO:The Central Bank of Nigeria recently disclosed that the naira depreciated at the official market to 410 against the dollar.
“In order to adjust for the decrease in supply of foreign exchange, the naira depreciated at the official window from 305/$ to 360/$ and now hovers around 410/$,” it stated. Recently, the Association of Bureaux De Change Operators of Nigeria called on the CBN to introduce measures that would counter the advantages of cryptocurrencies exchanges as a channel for diaspora remittances.
In its quarterly economic review report for the first quarter of 2021, ABCON said such measures were necessary to redirect diaspora remittance inflow away from cryptocurrency exchanges to official channels. Though the association commended the CBN for the N5/$ rebate scheme introduced to encourage diaspora Nigerians to use official channels for remittance transfer, it noted that the apex bank needed to address other issues driving the patronage of cryptocurrency exchanges for remittance transfer.
Wrong figure... It's N505.
na one nigeria we de even na 1000 we go still survive
This is what you get when you make a professor of Law, (senior advocate) not an Economist, the head of an Economy Committee
It is well, we have never had so good according to Buhari:s people. May God deliver us IJN
Emefiele and his Fulani masters have systematically destroyed the economy. His mumu don too much. Na waa ooo. Him no even fit say no; every thing na yes sir, yes sir.
Kuku roundup to 500. My maths isn't good 😑
Still one Nigeria abi?
Let it exchange for 2k
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Nigeria we hail thee!!! We will still go on as if nothing is happening, tooooooooorrr!!!!!
Buy naira and hodl😆😂😂
500 soon, then before Q4 it will be 1000 😂😂😂😂😭😅😅😅
We are going back to coins soon
Jesus! But zenith bank exchanged $50 for N19500 yesterday.. Am I not cheated?
Where are we going in this country haaaa o ma se oooo
Nope..487 yesterday.
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