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Naira Strengthens Against Dollar In Black Market, Checkout New Rate - Business - Nairaland

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Naira Strengthens Against The Dollar As Bdc Intervention Goes On / Naira Strengthens Further Against Dollar On Parallel Market / Speculators Get Their Fingers Burnt, Naira Strengthens To N310/$ (2) (3) (4)

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Naira Strengthens Against Dollar In Black Market, Checkout New Rate by jhasper(m): 11:27am On May 16, 2016
The naira is expected to remain flat but rather stable this week ahead of the rollout of the foreign exchange policy of the Central Bank of Nigeria. The Nigerian currency which seemed poised for a run of depreciations at the parallel market following the new development in the country’s downstream oil sector, crashed further on Friday, May 13, ending the week at N360 per dollar. .



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. There is rush for dollars following government’s decision to throw open permission to import and sell Petrol Motor Spirit (PMS), to any interested Nigerian entity.” The president of the Association of Bureau de Change Operators of Nigeria (ABCON), Alhaji Aminu Gwadabe, also revealed that the pressure on the naira would continue to be strong but the value is expected to be relatively stable as the market awaits the decision of the apex bank.

Re: Naira Strengthens Against Dollar In Black Market, Checkout New Rate by mackhunter77: 11:47am On May 16, 2016
I'm sure the difference was in kobo only....lLmao

No significant difference today


Perhaps in months to come?
Re: Naira Strengthens Against Dollar In Black Market, Checkout New Rate by zone20: 12:01pm On May 16, 2016
wake me when its 700naira to 1 dollar

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