CBN injects $205m as Naira falls at the parallel market

May 23, 2017 by Don Saint 0 Comments

The Central Bank of Nigeria (CBN) yesterday injected $205 million into the foreign exchange market even as the naira depreciated to N379 per dollar in the parallel market.

The naira depreciated by N4 against the dollar in the parallel market yesterday. Vanguard survey revealed that the parallel market exchange rate rose to N379 per dollar at the close of business yesterday from N375 per dollar on Friday.

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About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

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