Wednesday, September 19, 2018

Tag "Domicilliary accounts"

    Naira falls again, trades at N224/$1

Naira falls again, trades at N224/$1

The naira  took a downward turn on Tuesday as the demand for the dollar rose.The Nigerian currency was quoted at 224 to a dollar on the parallel market, 0.89 percent weaker than its 222 rate on Monday.Harrison Owoh, a Nigerian Bureaux De Change (BDC) agent told Reuters that the demand for the naira has been on the increase since August 7.“We've seen [...]

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    Naira rises to 215/$1 after dramatic fall

Naira rises to 215/$1 after dramatic fall

The unusual trading of the Nigerian naira continued on Wednesday, as the currency recovered from a dramatic fall to 235 on Tuesday, trading at 215 to US$1 in the parallel market.The naira closed at N209 to $1 on Monday evening, as banks continued to reject dollar deposits in customers’ domiciliary accounts.Tuesday had a rather unexpected turn as it fell to N235 [...]

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Exchange Rates

September 18, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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