The naira experienced a notable decline on Thursday afternoon, reaching N1,450 per dollar in the parallel market.
Bureau De Change operators listed the purchase rate at N1,350 and the approximate selling rate at N1,450, indicating a profit margin of N100. Recently, the CBN reduced the foreign exchange rate for dollar distributions to BDCs, offering $10,000 at N1,021 per dollar, approximately 21% below the official rate reported by FMDQ. This move aimed to enhance liquidity in the unofficial market.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
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.
Källa: TODAY - 🏆 12. / 53 Läs mer »
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.
Källa: TODAY - 🏆 12. / 53 Läs mer »
Naira loses 0.64% against dollar at official marketThe naira on Wednesday further depreciated at the official market, trading at N1,308.52 to the dollar .....
Källa: vanguardngrnews - 🏆 5. / 75 Läs mer »
Naira fails to appreciate against Dollar in forex market despite CBN interventionThe Naira has failed to appreciate against the US dollar at the foreign exchange market despite the Central Bank of Nigeria's recent additional release of $10,000 to Bureau De change operators. FMDQ data showed that the Naira recorded another drop to N1308.52 per Dollar on Wednesday compared to N1,300.15 exchanged on Tuesday.
Källa: DailyPostNGR - 🏆 11. / 59 Läs mer »