Business
Naira weakens on Parallel market again
In spite of the Central Bank of Nigeria decision to push more dollars to Operators of Bureau De Change, the naira lost more grounds to the dollar on the parallel market on Wednesday selling for about N272 to a dollar as against the N262 on Monday.
National Daily gathered from the acting Chairman of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadebe that the CBN sold $10,000 each to 1,600 BDC firms at an auction yesterday.
He said that was the first dollar cash sale to BDC in 2016, and was not enough to meet the huge demand in the market. He therefore called on the apex bank to find a lasting solution to the shortage in other to rescue the naira from a dangerous free fall.
-
Football1 week agoBanda, Chawinga make 2026 Women’s Ballon d’Or top 30 shortlist
-
Trending Stories6 days agoDavido, Wizkid, Burna Boy or Asake: Who is having the biggest 2026 so far?
-
Featured1 week agoPeter Obi, Makinde and the 2027 elections: Can unity really challenge APC?
-
Football6 days agoPremier League releases 2026/27 festive fixtures, 7 matches set for Boxing Day
-
Business4 days agoJetour Nigeria, dealers take dashing, other models to Abuja Experience
-
Crime5 days agoAnambra Police arrest mother over alleged child sexual exploitation
-
Business5 days agoDangote Refinery IPO shifts spotlight to corporate governance, investor protection
-
Energy7 days agoBrent crude tops $100: What higher oil prices mean for Nigeria