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Nairaland Forum / Nairaland / General / Business / Naira Depreciates N5 To A Dolla=n215 (806 Views)
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Naira Depreciates N5 To A Dolla=n215 by Nobody: 8:26pm On Feb 22, 2015 |
Lagos – The Naira on Friday depreciated by N5 to the dollar as it traded N215 at the Bureau De Change (BDCs) segment of the official market. It also depreciated by N7 at the black market, selling at N217 to the dollar. A dealer, who preferred anonymity, told the News Agency of Nigeria (NAN) in Lagos that the depreciation might be due to the closure of the Retail Dutch Auction System (RDAS) by the CBN. It was closed by CBN on Feb. 18. RDAS is a foreign exchange window at CBN where the Bureau de Change and commercial banks buy forex. The dealer said that the CBN’s decision, which was meant to control speculations, had made other currencies to be scarce. He also said that dealers were left to source for forex only at the interbank market unlike in the past when they had three to four segments to buy. Besides, the Naira against the pound at the BDCs exchanged for N332 from the N307 it sold on Monday. It went for N335 at the black market from the N314 it sold four days ago. The Naira lost N5 to the Euro to sell at N240, when compared with the N235 it sold on Monday Feb.16 at the BDCs. The currency, at the black market, traded for N244 as against the N237 it traded on Monday. (NAN)http://www.vanguardngr.com/2015/02/naira-hits-n215-to-dollar-at-bdcs-segment/ |
Re: Naira Depreciates N5 To A Dolla=n215 by Raiders: 8:32pm On Feb 22, 2015 |
GEJ till 1 dollar is 1000 naira. |
Re: Naira Depreciates N5 To A Dolla=n215 by seankay(m): 11:25pm On Feb 22, 2015 |
And some mofos wud still b shouting gej till dem get brain. Smh.....no sensible Nigerian that is not blinded with religious and tribal sentiment wud vote dat drunkard again 1 Like 1 Share |
Re: Naira Depreciates N5 To A Dolla=n215 by Pavore9: 4:32am On Feb 23, 2015 |
And some people are here encouraging others to go into "mini importation" when they should be envagilizing on exporting. 1 Like |
Re: Naira Depreciates N5 To A Dolla=n215 by destiny10: 4:55am On Feb 23, 2015 |
. |
Re: Naira Depreciates N5 To A Dolla=n215 by stagger: 8:13am On Feb 23, 2015 |
Pavore9: My brother the thing tire me o. Nigerians and their thirst for imported goods is part of what is driving this madness. |
Re: Naira Depreciates N5 To A Dolla=n215 by bobobabe: 9:55am On Feb 23, 2015 |
What is the black market price of USD, EURO and GBP today? |
Re: Naira Depreciates N5 To A Dolla=n215 by Nobody: 10:58am On Feb 23, 2015 |
seankay:buhari=== I'll stablize oil prize!! An illitrate cant rule us... 1 Like |
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