Business News

Naira Now At N363.32 To Dollar At Investors’ Window

Google+ Pinterest LinkedIn Tumblr
Download Mp3 & Video

Naira vs dollar
The naira on Tuesday closed at N363.32 to the dollar at the investors’ window while market turnover at the window stood at 51.14 million dollars, the News Agency of (NAN) reports.

At the official window, the naira exchanged at N306.60.

It was sold at N360.50 at the parallel market in , while the Pound Sterling and the Euro closed at N480 and N417, respectively.

Trading at the (BDC) window saw the naira close at N360 to the dollar, while the Pound Sterling and the Euro closed at N480 and N417, respectively.

Meanwhile, Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria(ABCON) said the sustained fiscal discipline of the CBN would impact positively on the stability of the naira.

Gwadabe said that in spite of the shedding of the external reserves, the CBN was capable of sustaining a stable exchange rate.

” The reasons for the shedding of the external reserve is that the outflows outstrips the inflows as a result of the election year.

”However, due to sustained fiscal discipline of the administration, the scenario will have little or no impact on the sustained exchange rate stability,” Gwadabe said.


Link up on..

Adelowo Adegboyega

A writer, political analyst and journalist who believes in journalism for the advancement of the society ONLY.
Link up on..

CLICK HERE To Receive Updates On WhatsApp


King Monada - Malwedhe (Collapse Song)

Kizz Daniel - "One Ticket" ft. Davido

Victor AD - Wetin We Gain

Simi - Lovin'

Teni x Phyno - Pray

Lil Wayne x Swizz Beatz - Uproar

Buy affordable wears and shoes in Nigeria


5 Key Reasons For Visa Rejection

Top Mistakes To Avoid During A Visa Interview

7 Things Entrepreneurs Can Do To Stay Motivated

5 Beneifts Of Using Technology To Drive Your Business

Recession In Nigeria: Possible Ways To Survive In Business & Trade


Join our Telegram Group

Write A Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.