Naira Depreciates Against Dollar At Parallel Market
The naira has continued on a downward slope as it depreciated against major currencies at the parallel market.
The Naira on Monday depreciated against the dollar at the parallel market in Lagos.
The Nigerian currency lost 1.1 points to exchange at N362.3, weaker than N361.2 posted on Friday, while the Pound Sterling and the Euro closed at N497 and N429, respectively.
At the Bureau De Change (BDC) window, the naira was sold at N362 to the dollar, while the Pound Sterling and the Euro closed at N497 and N429, respectively.
Trading at the investors’ window saw the naira close at N361.57, while it was sold at N305.8, CBN rate. Meanwhile, experts are worried that political spending in the months ahead might affect the stability of the naira.
Currency traders express confidence that the naira would witness better times as the currency- swap deal between Nigeria and China gets underway.
Korean day and night window blind Korean Blind, also known as Combi Blind or Rainbow Blind, performs the dual function of being a day blind as well as a night blind ₦9000 per square meter (non-negotiable). Lagos,Nigeria. Call : 08150990854 WhatsApp : 08120977476 Facebook Twitter Email WhatsApp STAY UPDATED WITH infinityprods.blogspot.com Contact: Infinity Productions Call/whatsapp: +2348178672673 FOR YOUR Event promotions Advert Placements /Marketing/Publicity COMMENT and SHARE
The Arewa Consultative Forum has disclaimed a report which described Olusegun Obasanjo as lacking in vision. former President Olusegun Obasanjo The Arewa Consultative Forum (ACF) has dissociated itself from a statement attributed to its secretary-general, Anthony Sani, who reportedly described a former President Olusegun Obasanjo as lacking in vision. Sani was said to have made the comment while speaking with newsmen recently ACF in a statement by its national publicity secretary, Muhammad Ibrahim Biu said it is not in its character to attack elder statemen. The forum said attacking the views of an elder statesman of Chief Obasanjo’s status on national issues in such an uncomplimentary manner is uncalled for. Chief Obasanjo as an elder statesman is entitled to his opinion on all issues including democracy, as he had previously endorsed presidential candidates. “For the avoidance of doubt, all ACF official statements on any matter comes thro
Chilean forward, Alex Sanchez is set to be shown the exit door at the Old Trafford following a litany of poor performances. Alexis Sanchez The Red Devils believe he could serve as a replacement for Neymar or Kylian Mbappe Manchester United have discussed plans to offload Alexis Sanchez to Paris Saint-Germain in the summer, according to the Sun. Sanchez had been linked to PSG last winter and has failed to live up to expectations at Old Trafford, with his position in the team coming under threat. With massive wages, United are considering moving on from Sanchez and they believe PSG will be interested, should the Ligue 1 champions lose either Neymar or Kylian Mbappe, as expected. Is Roberto Martinez the new favourtie to take over the Real Madrid coaching post ahead of Antonio Conte? The Daily Mail claims that key figures in the Madrid dressing room did not want Conte as manager. The move for Martinez won't be an easy one, as he had