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Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market - Business - Nairaland

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Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by tochukwuifeduba: 4:50pm On Mar 10, 2017
The Nigerian Naira on Friday, March 10, crashed against the American Dollar, Pound Sterling and Euro at the parallel market, hours after President Muhammadu Buhari’s return from London.

According to reports, the local currency dropped one point against the dollar as it now at N463 per US dollar as against the N462 rate it was on Thursday, March 9.

The Naira also crashed to N555 against the Pound from the previous rate of N550 and weakened to N480 per Euro as against the previous rate of N477.

However, the Central Bank of Nigeria (CBN) has injected another $195 million into the foreign exchange market.

It was gathered that the apex bank sold $100 million on Thursday, March 9, $70 million to meet demand for personal and business travel allowance and $30 million to Bureaux De Change (BDCs).

This was disclosed by the president of Association of Bureaux De Change (ABCON).

He said 3,114 collected $8,000 each from the CBN.

https://www.naij.com/1093026-breaking-naira-crashes-foreign-currencies-parallel-market.html
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by VirginFinder: 4:52pm On Mar 10, 2017
na wa o
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by Nobody: 4:52pm On Mar 10, 2017
Waiting for 1000 naira =$1 cool

1 Like

Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by Cutehector(m): 4:54pm On Mar 10, 2017
Buhari na just badluck

3 Likes

Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by Nobody: 4:54pm On Mar 10, 2017
Buhari lack economy direction.He should have remain in London.

2 Likes

Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by emperorAY(m): 4:55pm On Mar 10, 2017
Mehn dis badfortune is toomuch
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by 989900: 4:56pm On Mar 10, 2017
Love Machine:
Buhari lack economy direction.He should have remain in London.

The article got you.
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by Etzakoos(m): 4:59pm On Mar 10, 2017
Buhari Is Back Again Now...,..Wetin He Dey Find Self It Shows Naira And Dollar Hate Buhari
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by DrMaths(m): 5:00pm On Mar 10, 2017
He is back
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by kunlexy1759(m): 5:13pm On Mar 10, 2017
Wot is dis again?
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by omenkaLives(m): 5:16pm On Mar 10, 2017
Naij.com has totally lost its sheen. They've gone the way of igberetv. cheesy

Here's the plot:

Make a screaming headline with the word "CRASH" even though the local currency just lost ONE NAIRA (same people that would scuff at it GAINING one naira) and tag it with Buhari's arrival so the children of hate can have something to fertilize and nourish their hate with.

Naij.com has become another useless LiePob
propaganda site and nothing more. One of the ways you tell a "good" site from a useless one is by the number of adverts on them and the brands advertising on them. There was a time even Banks advertised on Naij, but today, just look at how wretched the site has become. Just ONE ad as we speak! cheesy


Edit:

BooM!

Etzakoos:
Buhari Is Back Again Now...,..Wetin He Dey Find Self It Shows Naira And Dollar Hate Buhari

Just as I thought and just as the useless blog wants them to think. cheesy cheesy

So so so predictable. cheesy

5 Likes 1 Share

Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by Nobody: 5:30pm On Mar 10, 2017
Recovering Buhari sef...
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by Vandieee(m): 5:34pm On Mar 10, 2017
Get your CANADA, US, DUBAI, QATAR, SAUDi ARABIA and KUWAIT work permit VISA on ground now..... For more details pls call 08039274566.... Pls help rebroadcast
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by Austin4lif: 5:36pm On Mar 10, 2017
Buhari
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by escapefromusa(f): 5:47pm On Mar 10, 2017
omenkaLives:
Naij.com has totally lost their it's sheen. They've gone the way of igberetv. cheesy

Here's the plot:

Make a screaming headline with the word "CRASH" even though the local currency just lost ONE NAIRA (same people that would scuff arbor GAINING one naira) a d trying to tag it with Buhari's arrival so the children of hate can have something to fertilize t ugh wor hate with.

Naij.com has become another useless LiePob
propaganda site and nothing more. One of the ways you tell a "good" site from a useless one is by the number of adverts on them and the brands advertising on them. There was a time even Banks advertised on Naij, but today, just look at how wretched the site has become. Just ONE ad as we speak! cheesy


Edit:

BooM!



Just as I thought and just as the useless blog wants them to think. cheesy cheesy

So so so predictable. cheesy

It's an IPOB outfit... but nairaland is also becoming an IPOB outfit. If they are'nt on the frontpage, they are on in politics section, right beneath
"blah blah blah cessation".

@Seun ... you sold nairaland's soul for pungent traffic... cry
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by GameGod(m): 6:00pm On Mar 10, 2017
[s]
tochukwuifeduba:
The Nigerian Naira on Friday, March 10, crashed against the American Dollar, Pound Sterling and Euro at the parallel market, hours after President Muhammadu Buhari’s return from London.

According to reports, the local currency dropped one point against the dollar as it now at N463 per US dollar as against the N462 rate it was on Thursday, March 9.

The Naira also crashed to N555 against the Pound from the previous rate of N550 and weakened to N480 per Euro as against the previous rate of N477.

However, the Central Bank of Nigeria (CBN) has injected another $195 million into the foreign exchange market.

It was gathered that the apex bank sold $100 million on Thursday, March 9, $70 million to meet demand for personal and business travel allowance and $30 million to Bureaux De Change (BDCs).

This was disclosed by the president of Association of Bureaux De Change (ABCON).

He said 3,114 collected $8,000 each from the CBN.

https://www.naij.com/1093026-breaking-naira-crashes-foreign-currencies-parallel-market.html
[s][/s]
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by greenmonk: 9:23pm On Mar 10, 2017
tochukwuifeduba:
The Nigerian Naira on Friday, March 10, crashed against the American Dollar, Pound Sterling and Euro at the parallel market, hours after President Muhammadu Buhari’s return from London.

According to reports, the local currency dropped one point against the dollar as it now at N463 per US dollar as against the N462 rate it was on Thursday, March 9.

The Naira also crashed to N555 against the Pound from the previous rate of N550 and weakened to N480 per Euro as against the previous rate of N477.

However, the Central Bank of Nigeria (CBN) has injected another $195 million into the foreign exchange market.

It was gathered that the apex bank sold $100 million on Thursday, March 9, $70 million to meet demand for personal and business travel allowance and $30 million to Bureaux De Change (BDCs).

This was disclosed by the president of Association of Bureaux De Change (ABCON).

He said 3,114 collected $8,000 each from the CBN.

https://www.naij.com/1093026-breaking-naira-crashes-foreign-currencies-parallel-market.html

Stupid post trying to spread panic.
Re: Breaking News> Naira Crashes Against Foreign Currencies At Parallel Market by dallyemmy: 7:20am On Mar 11, 2017
To curtail the parallel marketers excesses, CBN needs to force them to open accounts where customers could pay in. POS could be used also. This would enable CBN to track their transactions regularly and the BVN of the customers.

1 Like 1 Share

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