It’s official, Naira now exchanges at 379/$

0

 

The Central Bank of Nigeria has officially changed the exchange rate of the naira to the dollar from N361 to N379.
The apex bank had earlier expressed its decision to unify the exchange rates in the country as forex scarcity persisted.
It was however yet to announce if this would be the official unified exchange rate.
The apex bank posted the latest development on its website on Saturday.
Meanwhile, the naira exchanged for N473 at the parallel market on Friday.

Experts have continued to clamour for a single exchange rate in the country.

The President, Association of Bureaux De Change Operators of Nigeria, Alhaji Aminu Gwadabe, had said, “It will ease regulatory supervision, ensure transparency and effective price discoveries, and deepen market perfections.”
The Senior Partner, Regulatory and Technology, Stransact Partners, Eben Joels, said the gap between the various exchange rates operating in Nigeria created arbitrage opportunities for highly connected individuals.

See also  Nigeria @ 61: Primate Ayodele releases prophetic messages about Buhari, security, economy, others
Untitled Document

You can always reach us through these channels

Facebook: https:/www.facebook.com/ancitymedia

Instagram: https://www.instagram.com/ancitymedia

Youtube Channel: https://youtube.com/@ancitymedia

 

Phone Numbers: 07062501185, 09038738731

E-Mail: info@ancity.com.ng, anambracity@gmail.com

Copyright.

This Post: It’s official, Naira now exchanges at 379/$ was approved and published by Ancity Media Editor and may not be republished elsewhere without prior written permission from the Editor.


Get real time updates directly on you device, subscribe now.

Comments
Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More