A survey of markets in the Bureau de Change segment (BDCs) in Abuja, showed that the Naira exchanged at an average of N360 to a dollar in the BDC segment of the market.
The acting Director, Corporate Communications, Mr Isaac Okorafor in a statement on Monday in Abuja said that 100 million dollars was offered to authorized dealers in the wholesale window. Similarly the Small and Medium Enterprises (SMEs) window was allocated the sum of 50 million dollars.
Also, those seeking forex for the purpose of business and personal travel, tuition and medical bills, among other invisibles, received the sum of 45 million dollars.
#360, is still on the high side though, thins are still costly everywhere in Nigeria especially here in the east.....
ReplyDeleteI don't know if our Igbo people and the whole Nigeria will agree to reduce the prices of commodities if dollar eventually falls to its normal price say #200
360 is still a far cry and not a good news pls...I am beginning to suspect CBN and some highly placed individuals as brain behind this weaken naira to play on their favor
ReplyDeleteStill on the high side buh I pray it will keep depreciating
ReplyDeleteGood, I pray it keeps depreciating
ReplyDeleteStill high
ReplyDelete