Skip to main content

Naira drops against dollar at parallel market, remains same at Bureau de Change

- The naira on Wednesday, March 20, drops a little in value to the US dollar

- The Nigerian currency at the parrallel market traded for N358.2 to a dollar as against N358

- At the Bereau De Change, the currency, however, traded at N360

The naira on Wednesday, March 20, lost marginally to the dollar at the parallel market in Lagos exchanging at N358.2 to the dollar, weaker than N358 traded on Tuesday, March 19.

The pound sterling and the euro closed at N472 and N408, respectively.

READ ALSO: 2019 election: What happened is pure evil - Dogara

At the Bureau De Change (BDC) segment, the naira traded at N360 to the dollar, while the pound sterling and the euro closed at N472 and N408, respectively.

Trading at the investors window saw the naira closing at N360.40 as market turnover stood at 129.18 million dollars.

PAY ATTENTION: Download our mobile app to enjoy the latest news update

Meanwhile, Legit.ng previously reported that a new report by a multi professional service network, Price waterhouse Coopers, popularly known as PwC predicted that the Nigerian currency may drop in value between the range of N390 to N415 to a dollar by 2019.

While predicting that an unpredictable change in the oil market may crash the value of naira to dollar at the foreign exchange floor, PwC, in its report titled "Nigeria Economic Outlook Top 10 themes for 2019" disclosed that foreign market may be stable depending on the global oil value.

According to the report, the foreign reserves may also reduce in 2019 as a result of elections, adding that petrol price may be re-adjusted from N145 per litre based on continuation of fuel subsidy or full deregulation.

NAIJ.com (naija.ng) --> Legit.ng: Same great journalism, upgraded for better service!

Can 1 Naira ever become 1 US dollar again on the Forex market? | Legit TV

Source: Legit.ng



from Nigeria News today & Breaking Naija news ▷ Read on Legit.ng 24/7 https://ift.tt/2WkkBRn
via EDUPEDIA24/7

Comments

Post a Comment

Popular posts from this blog

The beautiful model Christina Evangeline: age, ethnicity, net worth, husband, baby

The art of modelling is more than merely putting on designer clothes and hitting the runway. It requires a lot of effort, self-care, determination, and an energetic spirit. Christina Evangeline, who is very attractive and beautiful, is a model who dedicated all her energy into this esteemed career. Fame and plenty of public attention came with her job, and she continues to show young women that success does not come overnight. It requires hard work and passion! Image: instagram.com, @yoevangeline Source: Instagram Who is Christina Evangeline ? According to the Christina Evangeline biography, she is a model who is best known for being Kenan Thompson’s wife. Christina was born on the 24th of March 1989 in the United States of America. Currently, Christina Evangeline age is 30 years. Her nationality is American, and she identifies herself as a Christian. Christina Evangeline ethnicity is White, and her Zodiac sign is Aries. Christina Evangeline race is Caucasian. Details of her paren...
Post a Comment
Read more

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

  A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja.  Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi...
Post a Comment
Read more

Learn how to clean washing machine in a surprisingly easy way

All machines can break down one day, and your washing machine is no exception. Knowing how to clean washing machine timely and effectively will help you reduce or even avoid additional expenses on servicing. Right now, you will be surprised to discover how easy it is! You do not even need any additional devices to do this except the ones that you already have in your house! Image: pexels.com Source: UGC A washing machine is an essential device in a modern home, but it has its own temper and demands! It reacts to the softness of water and quality of detergents that you use. In separate cases, the frequency and intensiveness of washing cycles can play their part. Now, it is time to discover several simple and cheap methods of cleaning of the essential parts of your little helper, to remove unpleasant odours, mould, and scale. The most important tips: how to clean washing machine How often is it necessary to do this cleaning? What do you think? Specialists insist on once in ...
Post a Comment
Read more