8.4 C
New York
Wednesday, April 17, 2024

Naira Sells For N208 To Dollar At BDCs, Black market



- Advertisement -


The Naira on Friday sold against the dollar for N208 at the Bureau De Change (BDC) segment of the foreign exchange market.

It was gathered that the Naira against the Pound at the BDC also traded for N314 while it sold for N235 against the Euro.

At the black market segment, the Naira against the dollar exchange for N209 and traded for N310 against the pound.

It was, however, unchanged to the Euro at the black market.

NAN recalls that the Central Bank of Nigeria (CBN) on Jan. 28 calmed the strong volatility observed in the forex market and also saved the Naira from further depreciation.

READ ALSO  Nnewi South TC Chairman, Aniagboso Buries Dad in Compliance with Anambra Burial Law

The CBN increased the weekly supply of dollars per BDC operator from 15,000 dollar to 30,000 dollar.

The move is to deepen the BDCs segment.

Hey there! Exciting news - we've deactivated our website's comment provider to focus on more interactive channels! Join the conversation on our stories through Facebook, Twitter, and other social media pages, and let's chat, share, and connect in the best way possible!

Join our social media

For even more exclusive content!


Of The Week


- Advertisement -

Of The Week

247Ureports Protects its' news articles from plagiarism as an important part of maintaining the integrity of our website.