FOREX: Naira Gains Against All Major Currencies at Parallel Market

-

Nigerian Naira today gained against the Dollar, Pounds and the Euros at the black market.


 The currency gained three points to exchange at N460 against the dollar, from N463 it opened trading on Monday.

It also gained against the Pound Sterling and the Euro closed at N550 and 476, respectively.

 At the Bureau De Change window, the Naira was sold at N399 to a dollar, CBN controlled rate, while the Pound Sterling and the Euro traded at N547 and N482, respectively.

 At the interbank market, the Naira depreciated to N306.00 to a Dollar as against N305.50kobo pegged by the Central Bank of Nigeria.

 Credit:NB

Comments

Post a Comment

The views expressed in comments published on my blog are those of the comment writers alone. They do not represent the views or opinions of queendoosh.com. Please take note.

Popular posts from this blog

NEW! Scientists Develop Vaccine For HIV/AIDs

-
Image
A new vaccine-based treatment for HIV has succeeded in suppressing the virus in five patients, raising hopes further research could help prevent Aids without the need for daily drugs. Independent of the United Kingdom reported on Friday that researchers combined two innovative HIV vaccines with a drug usually used to treat cancer in the trial, conducted over three years at the IrsiCaixa Aids Research Institute in Barcelona. After receiving the treatment, the virus was undetectable in five out of 24 participants and its spread was stopped by their immune systems, reported the New Scientist. One of them has been drug-free for seven months. Around 18 million people – half of all those living with HIV around the world – take ART to slow the progression of the infection, according to the UN. But these drugs are expensive and can cause unpleasant side effects. Patients have to remember to take them every day, sometimes over their entire lives. Mitchell Warren, executive dire...
NEXT PAGE »

Senate Indicts Ngozi Okonjo-Iweala Over Loss of N1.6tr Revenue

-
Image
Nigeria's imediate past minister of Finance ,Ngozi Okonjo-Iweala has been indicted by the Nigerian senate over a N1.7t loss in revenue. According to the Senate Ad Hoc Committee on Alleged Misuse, Under-Remittance and Other Fraudulent Activities, revenue agencies short-changed the Federal Government to the tune of N1.7tn as unremitted revenue generated between 2012 and 2016. The panel blamed it on a memo by a former Minister of Finance, Mrs. Ngozi Okonjo-Iweala, who allegedly issued the memo to the agencies to remit 25 per cent of revenue they generated to the Federal Government and spend 75 per cent on their expenditures. An interim report by the committee chaired by Senator Olamilekan Adeola, details this. The panel said the amount to be remitted to the Federal Government during the period by 93 agencies it investigated was N21.5tn. It alleged that 25 of the 93 agencies covered defrauded the government of a total of N1,695,585,887,406.
NEXT PAGE »