Naira against Dollar at parallel market – The CBN efforts to stabilise the Naira against the Dollar is not producing the desired results – The Naira weakened on the parallel market on March 2 The continued efforts of the Central Bank of Nigeria (CBN) to stabilise the Naira against the Dollar at the parallel market is still not yielding the anticipated positive results as the local currency on March 2 weakened.
More..
- 9 Silent Nigerian billionaires who keep they wealth on a low key (With Pictures)
- 7 Music stars Davido brought to limelight (With Pictures)
- 8 Photos that prove makeup is witchcraft..Unbelievable!
- 10 Risk of having too much sex – You really need to see this!
The apex bank rate of selling the Nigerian currency is N199/Dollar while the green bills now sell at N320/Dollar at the parallel market. When a call was placed to a bureau de change agent operating in Lagos state, the commercial hub of Nigeria, he disclosed that they currently sell the Nigerian currency at N315/Dollar. The local currency has been fluctuating against the Dollar since the global downfall in oil prices at the international market. Some experts have advised the Nigerian government to devalue the Naira but President Muhammadu Buhari has remained adamant on his stance against devaluing the local currency. The president on February 20 asserted that devaluation of the Naira will not help the country “as it had few exports apart from oil and depended on imports whose cost would rise with such a move.”
CLICK HERE to join our BBM Channel for faster updates
TOP POSTS YESTERDAY
- 12 Shocking facts about The Kardashians they don’t want you to know (With Pictures)
- 10 things EVERY woman must do before getting married.. Very Important!
- 20 Men The Kardshians have ruined their lives (With Pictures)
- Top 10 most expensive rapper homes in the world & who own them (With Pictures)
- The 6 youngest baby daddies in Nigerian entertainment industry (With Pictures)
- 15 Nollywood stars you still may not know have died – This list will leave you in a big shock! (With Pictures)
- LADIES: If you want to keep your man around you, STOP doing these 10 things..
- Top 20 health tips for a stronger and longer erection – Guys, see this now!
- 10 International celebrities you didn’t know are of Igbo origin – This will shock you! (With Pictures)
- 6 Low key celebrity relationships in Nigerian music industry (With Pictures)
Discussion about this post