
Business
Naira Exchanges For N491/$ At Parallel Market

The naira exchanged to the dollar at N491.5/$ at the parallel market on Wednesday.
According to naijabdcs.com, the official exchange rate website of the Central Bank of Nigeria for the Bureau de Change operators, the country’s currency was bought and sold at N487/491.5 to the dollar as of Wednesday evening.
The CBN recently adopted the NAFEX Investor & Exporter forex window rate of N410.25 as its official exchange rate to the dollar.
It confirmed this new official rate on its website on Monday night, after it had removed N379/$.
It would be recalled that in April 2017, the CBN established the I&E forex window as part of efforts to deepen the foreign exchange market and accommodate all forex obligations.
The purpose of the window was to boost liquidity in the forex market and ensure timely execution and settlement for eligible transactions.
- Latest News6 days ago
Check Out What The Man Who Resigned From The Army To Campaign For Peter Obi Just Did To His House In Gombe(Photos)
- Local news5 days ago
2023 Presidency: Sokoto On Standstill As ObiDatti Movement Makes Massive In Road In The North (Photos)
- Politics1 day ago
TSG Thanks Asiwaju Over Faleke’s Appointment As PCC Secretary
- Gist3 days ago
Married Woman And Her Lover Cry Out For Help After Getting Stuck In Each Other While Having S3x (VIDEO)
- Politics7 days ago
Obidient Couple: See Wetin Husband And Wife Wear Go Church Wey Dey Scatta Internet Upadan (Photo)
- Latest News1 week ago
IPOB Announces New Acting Leader (PHOTO)
- Latest News1 week ago
Go And Verify: Peter Obi’s Handing Over Statement Of Over 47 M USD Of Anambra Investment Funds To Obiano Surfaces Online (Photo)
- Gist2 days ago
Controversial Relationship Counsellor Displays ‘New Wild S3x Styles With A Lady On Live TV (VIDEO)
- Gist4 days ago
Drama As No-nonsense Mother Catches Her Teenage Daughter At A Hotel With A Man (VIDEO)
- Latest News1 week ago
Nigerian Navy Recruitment 2022 (HOW TO APPLY)
- Gist6 days ago
Hajia Bintu’s Video Got People Talking On Social Media (WATCH)
- Latest News6 days ago
As E Dey Pain Dem Na So E Dey Sweet Us: Wike Sends Cryptic Message To Atiku / PDP (Video)