Business
Naira appreciates against Dollar at parallel market
The Nigerian Naira, on Monday, April 30, finally took a jump against the United States of America Dollar at the parallel segment of the Nigerian Foreign Exchange Market.
The local currency, had for some weeks remained unchanged against the greenback at the black market staying at the rate of N363.
However, as the new week kicked off at the market, the Naira gained momentum from the rate of N363 to N362.
Against the British Pound Sterling, the Naira exchanged at the rate of N505 and closed at the rate of against the European Single Currency, Euro.
In other developments, the Association of Bureaux De Change Operators of Nigeria, ABCON, will on Wednesday, May 2, 2018, commission www.naijabdcs.com, a live rate engine platform to promote transparency in the foreign exchange market.
ABCON President, Alhaji Aminu Gwadabe, revealed that the group had secured the Central Bank of Nigeria’s (CBN’s) no- objection approval on the engine room.
-
Aviation1 week agoNIS issues updated guidelines for contactless passport renewal for Nigerians abroad
-
Latest1 week agoOne killed as ethnic clash erupts in Ibadan following reported overnight stabbing (video)
-
Aviation5 days agoNigeria ends third-party visa processing in U.S, directs applicants to embassy, consulates
-
Agribusiness7 days agoStrengthening Nigeria’s Food Production Through Reliable Water Storage Infrastructure
-
Business6 days agoSEC sets July 10 deadline for Q2 ownership, capital flows returns
-
News5 days agoEdo Police impose movement restriction ahead of Saturday’s LG’s elections
-
Business5 days agoFCCPC floors Air Peace as Court upholds authority to probe airline fare complaints
-
Business5 days agoHeavy reliance on portfolio inflows threatens Nigeria’s $51bn reserves — EBC