Skip to main content

Naira appreciates against Dollar, Euro and Pound at parallel market

- The Naira has gained strength against the major foreign currency at the parallel market 
- The Nigerian currency trades at N363, N480 and N421 against the Dollar, Pound Sterling and Euro respectively 
- CBN has reiterated it’s determination to sustain the provision of foreign exchange 
    The Nigerian Naira on Wednesday, October 4, appreciated against the American Dollar, Pound Sterling and Euro at the parallel market. According to NAIJ.com findings, the local currency has strengthened to N363 per US dollar as against the N364 rate it was on Tuesday, October 3. The Naira also appreciated to N421 against the Euro from the previous rate of 427, while the local currency appreciated to N480 against the Pound from the previous rate of N485. 
Meanwhile in continuation of its effort to sustain foreign exchange (forex) liquidity in the country, the Central Bank of Nigeria (CBN) on Tuesday, October 4, intervened in the interbank forex market to the tune of $195 million 

 Figures released by the Bank showed that it offered the total sum of $100 million to the wholesale segment, while the small and medium scale enterprises (SMEs) segment received the sum of $50 million. The invisibles segment, comprising tuition fees, medical payments and Basic Travel Allowance (BTA), among others, received $45 million. Isaac Okorafor, CBN acting director, corporate communications, while confirming the figures, said the CBN was pleased with the state of the forex market, adding that the paex would continue to intervene in order to sustain the liquidity in the market and guarantee the international value of the naira. 

Comments

  1. Unknown4 October 2017 at 12:13

    I really hope it appreciates more o....God bless Nigeria

    ReplyDelete

Post a Comment

Popular posts from this blog

Lady shares the incredible story of a mad couple in her village (photo)

- A Nigerian lady has shared the touching story of a mad couple in her village  - The couple lived together for twenty two years with their state of insanity  A Nigerian lady identified as Olaide Olakiitan Oluwayemisi has shared the amazing story of a mad couple who lived together against all odds and achieved things some sane couples cannot achieve. The couple’s story was shared to charge all couples in Nigeria. Although no one wants to be mad, the love life of the couple has become an inspiration to many sane people in the society. Oluwayemisi shared the story through her Instagram page. The mad man was identified as Samade while his wife was called Cynthia. The former graduated from University  of  in Nsukka where he studied Physics.  The mad couple lived in a self-built house under a popular bridge at Orile junction according to the story teller. Despite being unable to have comprehensive discussion, the mad love birds found a way to communicate. Their ...
1 comment
Read more

Actress Caroline Danjuma calls out Davido over death of his friend Tagbo (photos)

Popular Nigerian musician Davido has been accused of killing his friend, Tagbo. He was said to have allegedly killed the young man inside his car and dumped his body at the hospital.  Nollywood actress Caroline Danjuma on Tuesday, October 3, took to her Instagram handle to call out Davido over the death of Tagbo. She disclosed that Davido and his crew allegedly killed the young man. Danjuma added that, late Tagbo was in the company of the singer and his crew at the club where they had a lot of drinks before his mysterious death.  The actress took to her Instagram handle to share a post which she had deleted: “The wicked shall never go unpunished.. father I prayed for 8 hrs yesterday and called your name. No one is greater than you . No one is above you lord .. father fight this battle jealously .. let hail stones with fire filled with blood consume the wicked ..arise oh lord with all the host of heaven .. my prayer and my tears and all my energy will never go in vain .. al...
Post a Comment
Read more

Newlands to offer day of top-class entertainment

Cape Town - Two former Blitzboks captains, a former Bafana Bafana striker and a former Proteas all-rounder, along with a host of well-known performers will play in a TAG Rugby curtain-raiser as part of the pre-match entertainment at Saturday’s Rugby Championship Test between the Springboks and the All Blacks at Newlands in Cape Town. As part of a drive to get spectators to their seats early, because of increased safety and security measures, a full programme of pre-match entertainment has been organised for the sell-out crowd. Gates open at 14:00 with the match itself scheduled for 17:05. Former Blitzboks captains  Neil Powell  and  Paul Delport will be joined in their TAG Rugby match by  Benni McCarthy  and  JP Duminy , as well as artist  Chad Saaiman , junior world champion high jumper  Breyton Poole , and comedians  Siv Ngesi  and  Nik Rabinowitz , among others. To provide a bit more rugby acumen, Springbok Women’s Sevens c...
Post a Comment
Read more