Naira Goes Into The Weekend Bruised And Battered By US Dollar

The Naira went into the weekend bruised and battered by the U.S. Dollar and other major foreign currencies.

Though its value remains unchanged at the CBN window, the Naira slumped further in the BDC and black market.

In the black market, it dipped to N545 to the dollar on Friday, about 0.9 percent depreciation compared to Thursday’s rate of N540.

At the BDC, it slumped by 2.8 percent from N530 to N547, according to Ngnrates.com

It retains a stable rate of 409.47-410.47 at the official CBN rate.

There was no respite for the Nigerian naira with the British pound as it fell 0.4 percent to N738-743.

BDC sell rate was N745, with buy rate at N738.

Against Euro, the naira also crashed by 0.6 percent.

The commanding buy and sell rate is now N630-N636 per Euro.

The BDC rate depreciated 1.4 percent. The buy and sell rate is N630-N635.

-Pmnewsnigeria

About Delia Innoma

Delia Innoma is a prolific writer, promoter, artist manager with full professional proficiency in English, German and Igbo languages. She studied accounting and computer programming at the Institute of Management and Technology Enugu and Germany respectively. Delia is also a devoted mother of two and she founded the Diamond Celebrities Magazine. Her sense of responsibility and commitment to the Christian faith are essential forces driving her daily activities.

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