Naira Depreciates To N358.7/$ As CBN Injects $210m - Nairaland / General - Nairaland
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| Naira Depreciates To N358.7/$ As CBN Injects $210m by stainlessmedia(m): 2:13am On Jul 18, 2018 |
The Naira, yesterday, depreciated by 70 kobo to N358.7 per dollar in the parallel market even as the Central Bank of Nigeria (CBN) injected $210 million into the inter-bank forex market. The apex bank offered $100million to authorized dealers in the wholesale segment of the market, while the Small and Medium Enterprises (SMEs) segment got the sum of $55 million, just as $55 million was also allocated for invisibles such as tuition fees, medical payments and Basic Travel allowance (BTA). According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators of Nigeria (ABCON), the parallel market exchange rose to N358.7 per dollar from N358 per dollar on Monday, indicating 70 kobo depreciation of the naira. However, the Naira appreciated by 15kobo to N361.70 per dollar in the Investors and Exporters (I&E) window yesterday. Read more details below : http://www.stainlessmedia.com.ng/2018/07/naira-depreciates-to-n3587-as-cbn.html
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| Re: Naira Depreciates To N358.7/$ As CBN Injects $210m by MANNABBQGRILLS: 2:16am On Jul 18, 2018 |
Slow and steady..... We will get there 1 Like 2 Shares |
| Re: Naira Depreciates To N358.7/$ As CBN Injects $210m by teewhydope(m): 2:21am On Jul 18, 2018 |
post=69478129: we aint getting anywhere. shitt's been rotating around 350-370 for the past 2 years |
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