Loading...

Naira Enters New Week on a High Note....See Value

Loading...
Naira Enters New Week on a High Note....See Value - Hallo friendsBreaking News Today, In the article you read this time with the title Naira Enters New Week on a High Note....See Value, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article culture, Article News, Article politics, Article sports, We write this you can understand. Alright, good read.

Title : Naira Enters New Week on a High Note....See Value
link : Naira Enters New Week on a High Note....See Value

Read too


Naira Enters New Week on a High Note....See Value

The greenback has started the new week in 'high confidence' as the regulations by the apex bank of Nigeria continue to take corrective effect.

The Naira strengthened further against the dollar at the weekend as it exchanged for N364 per dollar at the parallel market.

The Naira had on Friday closed at N365 rate per dollar. Naira also exchanged at N468 against Pound Sterling and N412 against Euro at the parallel market.

But the weekend jump followed two interventions, last week, by the Central Bank of Nigeria (CBN), which totalled $449.3 million.

CBN had last Monday injected the $195 million into various segments of the inter-bank market. $100m was offered to authorised dealers in the wholesale window, while Small and Medium Enterprises (SMEs) window was allocated the sum of $50m.

Those seeking forex for business and personal travel, tuition and medical bills, among other invisibles, received the sum of $45m.

On Friday, the apex bank again injected $254.3 million towards the end of daily transactions. Acting Director, Corporate Communications at the CBN, Isaac Okorafor, explained that the sale was in response to bids received from authorised dealers, on behalf of their customers, as announced in the middle of the week.

He said intervention covered companies in the raw materials, agriculture, airline and petroleum industry.


Thus Article Naira Enters New Week on a High Note....See Value

That's an article Naira Enters New Week on a High Note....See Value This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Naira Enters New Week on a High Note....See Value with the link address https://newstodaysup.blogspot.com/2017/07/naira-enters-new-week-on-high-notesee.html

Subscribe to receive free email updates:

Related Posts :

0 Response to "Naira Enters New Week on a High Note....See Value"

Post a Comment

Loading...