Naira crashes against dollar, other currencies again - Uju Ayalogu's Blog for News, Reviews, Articles and More

Breaking News

Post Top Ad

Friday, 3 March 2017

Naira crashes against dollar, other currencies again

Naira crashes against dollar, other currencies again

Nigerian currency, naira has crashed to N458 per dollar as against the N455 it closed March 1.

The Naira also weakened to N540 against the Pound Sterling from the previous rate of N535 and to N475 against the Euro as against the previous rate of N460.

For More:Visit Us at Uju Ayalogu's Blog

Last week, the value of the Naira recorded the highest and fastest gain of 11.9 per cent in four days at the parallel market, in over three years.

This follows the Central Bank of Nigeria (CBN) decision to sell a total of $372.4 million to ease the pressure on the local currency.

Financial experts had predicted that the local currency will continue to appreciate if the status quo was maintained.

On its part, the CBN said the recent appreciation of the Naira against other currencies was the result of its market monitoring and intervention.

Are you an artiste? Do you want your music to go viral and reach a large number of audience? Promote your music and Submit your story  on Ujuayalogusblog.com by clicking here. For Advert Inquiries Tele/+44(0)7590363984 Subscribe to Ujuayalogusblog.com News!
ALL RIGHTS RESERVED. 2015-2017 @ Uju Ayalogu's Blog NIGERIAN NEWS
For More:Visit Us at Uju Ayalogu's Blog

Subscribe to Our Posts via Email


Share This

No comments:

Post a Comment

Listen to This Beautiful New Talent - Winter Wolf - Singing "Midnight"


Post Bottom Ad

Pages