NAIRA Exchanges At 500/Dollar At Parallel Market.

-



The Naira on Thursday consolidated its gains against the dollar at the parallel market, few days after the CBN announced a new forex policy.

The Nigerian currency exchanged at N500 to a dollar after closing at N505 on Wednesday, while the Pound Sterling and the Euro closed at N600 and N510 respectively.

At the Bureau De Change window, the Naira closed at N399 to a dollar, while the Pound Sterling and the Euro traded at N635 and N545, respectively.


Trading at the interbank window saw the Naira closed at N305.50 to a dollar.

Traders at the market said that the new forex policy by the CBN opening up dollar sales to commercial banks for school fees, medicals and Personal Travel Allowances was impacting the market positively.

Source: punchng.

Comments

Post a Comment

Popular posts from this blog

Contact Paint And Feels Decos Today, "Experience A Renewed Comfort", Trust me you won't Regret, ( Tested n Confirmed)

-
Image
Shop Online? Check Here Have You Heard About The Latest Paint/Design Company in Town?? " PAINT and FEELS DECOs" Do you really want to change your House Interior & Exterior Wallpaper/Design this New Year?? Do you want a decoration so Stylish,Beautiful and Catchy?? Do you want Perfect Interior Decos such as: - Wall Painting - WallPaper Installation - Wall Panel - 3D WallPaper - POP - Screeding Wall Effects and much more.. Well, We provide all these and Much more at Paint and Feels Decos. Contact us: 08039456240                      08125594312 Email:  paintandfeelsdecos@yahoo.com We'll Reach You Anywhere You Are.. Just Call.
READ FURTHER »

Muslims Barred From Travelling To The United States, After Trump's Order.

-
Image
Iranians and Iraqis planning to fly to the United States were prevented from boarding on Saturday after US President Donald Trump’s order to restrict arrivals from seven Muslim countries. On Friday Trump signed a sweeping executive order to suspend the arrival of refugees and impose tough new controls on travellers from Iran, Iraq, Libya, Somalia, Syria and Yemen. His move sparked widespread criticism and concern across the world. Travellers from the Middle East were stopped from boarding US-bound planes and some already in the air when Trump signed the executive order were detained on arrival, the New York Times reported. In Tehran, two travel agencies told AFP they had been instructed by Etihad Airways, Emirates and Turkish Airlines not to sell US tickets or allow Iranians holding American visas to board US-bound flights. An Iranian studying in California visiting her home country said Saturday that she could not return because her ticket had been cancelled under the n
READ FURTHER »