Naira traded at 410 to the dollar at the parallel market, from about 405 at the close of business on Monday. The British pound and euro traded at N490 and N430 respectively.
At the official side of the market, the naira also exchanged at 306 to the greenback.
On Monday, the CBN opened a new foreign exchange window for small and medium enterprises (SMEs) to received as much as $20,000 per quarter for import of eligible finished or semi-finished items.
The apex bank also auctioned $100 million to authorised dealers at the interbank wholesale window.
Isaac Okorafor, the bank’s spokesman, said the sum of $99,544,417.45 was picked up by dealers out of the $100 million offered by the Bank during the last wholesale auction on April 6, 2017.
Some greedy leaders are behind this naira free fall..... God go deal with them soon
ReplyDeleteGoods wan increase again now.
ReplyDeleteabeg when is baba going for vacation what is still keeping him
ReplyDeleteWas thinking things are already getting better naaaaaaaa
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