Naira Slumps Further At Parallel Market | Sahara Reporters

  • 📰 SaharaReporters
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Naira Slumps Further At Parallel Market | Sahara Reporters According to Bureau De Change operators figures, the naira exchanged to the dollar for 473/$ at the parallel market. READ MORE:

The naira suffered further setback at the parallel market and Investors and Exporters forex window on Tuesday.At the I&E window, the naira fell by 0.17 per cent to close at 394/$ on Tuesday.However, the Central Bank of Nigeria maintained the official exchange rate at N379/$ on its website.

The Association of Bureaux De Change Operators of Nigeria recently appealed to the CBN to make BDCs payout agents for diaspora remittances. The President, ABCON, Alhaji Aminu Gwadabe, said the apex bank should leverage the over 5,000 licensed BDCs to get dollars seamlessly to beneficiaries. Gwadabe said this would help provide a more convenient channel for Nigerians in the diaspora to remit funds back to the country to boost economic development, Punch reports.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Speaking too much grammar I believe it can not solve it, e go better if they can find a solution. Where are we going EndBadGovernanceinNIGERIA

The dilemma of corruption in Nigeria only the RULE OF LAW can save our nation anyone that contravens the law should be punished you can't indulge in evil or forgive evil it brings reproach and retards a nation a nation cannot prosper it affects everything

Mmmm no

Arewa wan kill this nation

South Africa South Africa Latest News, South Africa South Africa Headlines