BREAKING NEWS: Naira Depreciates Further Against The Dollar. See The New Exchange Rate

Sponsored Links

The naira on Monday depreciated further at the black market in spite of the commitment of the CBN to boost liquidity in the market, the News Agency of Nigeria (NAN) reports. The naira lost two points to exchange at N395 to the dollar from N393 recorded on Friday, while the pound sterling and the Euro closed at N480 and N415, respectively.

At the Bureau De Change (BDC) window, the naira was sold for N362 to the dollar, while the Pound Sterling and the Euro closed at N483 and N430, respectively.

Trading at the interbank market saw the naira closed at N306.3 to the dollar.



Traders at the market expressed optimism that the naira would bounce back as the CBN continued to boost liquidity at the interbank market and the BDC sector in the week.

Meanwhile, Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON) said that the apex bank had reduced the time lag between the funding of their accounts and the disbursement of foreign exchange.

Gwadabe said that with more liquidity at the BDC window and effective distribution of foreign exchange, the naira was well positioned to bounce back. (NAN).

Follow Us on Twitter!

Like Us on Facebook!
Do You Need a Sugar Mummy, Sugar Daddy, Girlfriend, Boyfriend Wife or Husband? If Yes, Then Click Here For Details

Video: See How These Virg!n Girls Flaunt Their B0 0bs in Public	WATCH $ex In The Bush – LATEST 2016 NIGERIAN NOLLYWOOD BL UE FILM
Video: PLS FOR ADULTS ONLY!!! This Hot Chick Has The Perfect Thing Every Man Wants (18+)	OMG!!! WHEN WILL ALL THIS POST STOP.. See What This Shameless Girl Is Doing In This Video
Download Video: Don’t Watch This If You Are Below 18yrs Old	Exposed: Club in Port Harcourt where Girls Str!p Na ked to entertain Guys (18+ Video)