Latest
figures obtained by Bureau De Change window at the closing of trading
on Friday, reveals that the nation's currency, Naira suffered marginal
loss against the dollar at the parallel market.
Tonygists with a domain of www.tonygists.com has moved to a new domain www.tonygist.com
to serve you better... Tonygist is still under the custody of Tony Odijie.....But you can still connect with us on our social
media handles eg Facebook , Instagram , Youtube1 , Youtube2 , Twitter as Tonygists. Our android
application still remains the same as Tonygists on Google play store.
Thanks for your understanding
File photo
The Naira on Friday suffered marginal loss against the dollar at
the parallel market in spite of CBN’s intervention at the foreign
exchange market.
Reports say that the Naira lost one point to exchange at N366,
weaker than N365 traded on Thursday, while the pound sterling and the
Euro closed at N468 and N412, respectively.
At the Bureau De Change (BDC) window, the Naira was sold at N363 to
the dollar, while the pound sterling and the Euro exchange d at N470
and N412, respectively.
Trading at the official interbank window saw the Naira closed at
N306 to the dollar, while the pound sterling and the Euro traded at
N396.10 and N348.50, respectively.
The Nigerian currency, however, appreciated at the investors’ window as it closed at N365.02.
Traders at the market expressed concern that in spite of the
sustained intervention of the apex bank at the FOREX market, the Naira
had hovered between N360 and N366 in the past two months.
Meanwhile, Prof. Sherrifdeen Tella, a Senior Economist at the
Olabisi Onabanjo University, Ago-Iwoye, Ogun, said that the passing of
the budget by the National Assembly had increased the demand for
imported goods.
Tella noted that the CBN flooded the FOREX market with liquidity at
the onset when the demand for FOREX was low, compared to now.
The economist said that there was a limit to which the apex bank
could intervene in order not to put pressures on the nation’s external
reserve.
-NAN
Subscribe to Tonygists by Email
Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
for more information click RELIANCE TRAINING AND MANAGEMENT CONSULTING
No need to visit Tonygists just use the android application click for more info Tonygists android application
Visit some of the website built by tonygists
1. south south penpushers : south south pen pushers
2. kingdom builders : Kingdom builders
Tonygists bro: honest zone
Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist
Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world
Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists
Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists
Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose
Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions
Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest
Are You On Twitter? Follow Us Now For Latest Updates - @tonygists
Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists
Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists
© 2024 Tonygists | Portions are © 2024 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.
