News Formal

Steady Naira Exchange Rate Indicates Easing Pressure in Forex Market

  • 📰 TheNationNews
  • ⏱ Reading Time:
  • 39 sec. here
  • 13 min. at publisher
  • 📊 Quality Score:
  • News: 57%
  • Publisher: 69%

Finance Berita

Naira,Exchange Rate,Dollar

The naira exchange rate against the dollar has remained steady at N1,200 for the past 24 hours, signaling a decrease in pressure in the forex market. The Central Bank of Nigeria's recent measures, including dollar sales to bureau de change operators and the directive for electronic payout of PTA/BTA, have contributed to the local currency's rapid recovery.

The naira exchange rate against the dollar was steady at N1,200 to dollar for the past 24 hours at the parallel market.

The CBN recently directed that all authorized dealers to pay Personal and Business Travel, allowances to their customers through electronic channels only, including debit or credit cards instead of cash.“In line with the Bank’s commitment to ensure transparency and stability in the foreign exchange market and avoid foreign exchange malpractices, All Authorized Dealer Banks shall henceforth effect payout of PTA/BTA through electronic channels only, including debit or credit cards.

Former Executive Director, Keystone Bank Limited, Richard Obire advised that Nigeria’s heavy and skewed outward-oriented consumption of goods and services as seen in decades of long substantial bills for food and energy imports should be reversed to save the naira.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 6. in İD
 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

US Dollar to Nigerian Naira Black Market Exchange RateThe US Dollar to Nigerian Naira exchange rate in the Nigerian black market had an average of ₦1,315.817.00 today, 31/03/2024. This page converts USD to NGN using live currency rates.
Sumber: TODAY - 🏆 12. / 53 Baca lebih lajut »

Dollar to Naira Black Market Exchange Rate (April 9, 2024)CBN's new policy impacts the Dollar to Naira exchange rate, with black market values dipping below official rates. Stay updated on this surprising currency shift.
Sumber: TODAY - 🏆 12. / 53 Baca lebih lajut »

NGX Group commences strategic investment in Ethiopian Securities ExchangeNigerian Exchange Group, NGX Plc has announced a significant investment in the Ethiopian Securities Exchange (ESX).
Sumber: vanguardngrnews - 🏆 5. / 75 Baca lebih lajut »

Naira appreciates to N1,360 against dollars at forex marketThe naira's appreciation against the US dollar continued on Monday, exchanging N1,360 and N1,408.04 per USD at both parallel and official foreign exchange markets. A Bureau De Change Operator at Wuse Zone 4 Abuja, Mistila Dayyabu, told DAILY POST that naira was sold at N1,360 per USD on Monday. 'The naira has gained significantly.
Sumber: DailyPostNGR - 🏆 11. / 59 Baca lebih lajut »