two weeks ago.
Bureaux De Change operators, popularly known as ‘abokis’, who spoke to TheCable in Alade Market, Ikeja, Lagos, quoted the buying rate of the greenback at N750 and the selling price at N756 per dollar, leaving a profit margin of N6. When asked about the reason for the decline of the naira against the dollar, a currency trader in the market said, “Dollar is going up. It’s not my fault. That’s just how things are.”Meanwhile, a BDC operator in the Victoria Island area of Lagos said that buying and selling prices stood at N750/$ and N755/$, respectively.
The trader, simply identified as Musa, said there was high demand for the greenback in the street market. “Demand is much. If there was cash in people’s hands, I believe it would have even gone higher than this because the demand would have increased,” Musa told TheCable.On the official market side, the local currency depreciated by 0.11 percent to close at N462 per dollar on Thursday, according to details on FMDQ OTC Securities Exchange — a platform that oversees official foreign-exchange trading in Nigeria.the redesigned naira notes to customers across the country.
GodwinIEmefiele how far nau, what's the essence of the policy
This is bad, It was only 744 a few days back. I thought Emefiele's no cash policy was to give the naira some more value? What a sad turn of things.
It will hits 1k before election.