Naira loses N3 against dollar at Bureaux De Change

-
1000-naira-notes

The value of the Naira yesterday depreciated against the dollar by N3, to close at N208 at the Bureau De Change (BDC) from the N205 it sold for on Friday.
The News Agency of Nigeria (NAN) reports that the development was an appreciation following the N224 it sold for before the March 28 presidential election.
The Naira, however, at the  black market, remained stable at N206 to the dollar since Friday.
The currency traded against the pound at N301.50k at the BDCs and the black market, respectively.
The Naira also exchanged for the Euro at N228, from the N230 it traded for on Friday.
Meanwhile, the official rate is still N197 to the dollar at the Central Bank of Nigeria.

Comments

Post a Comment

Popular posts from this blog

America and Arab allies launch 50 strikes on terrorist group's Syrian heartland and warns its fanatical leaders 'this is only the beginning'

-
Image
                       America and five Arab countries have launched dozens of air strikes against Islamic terrorist group ISIS, killing at least 20 militants and blasting a series of its bases. The attacks - described as 'shock without awe' - began early this morning local time, with Tomahawk missiles, B1 bombers, F16, F18 and F22 strike fighters and drones involved. American air power was backed by 'participation or support' from Saudi Arabia, Bahrain, Qatar, Jordan and the UAE - a coalition of nations that has agreed to assist with the destruction of ISIS. Continue...
Read more

Shell 'warned Nigeria pipeline could leak before spills'

-
Image
  Oil firm Royal Dutch Shell was told a pipeline had reached the end of its life years before it spilled up to 500,000 barrels of oil, according to court documents seen by the BBC. Two spills in 2008 affected about 35 sq miles (90 sq km) in southern Nigeria, according to a group suing Shell. The area included sensitive mangroves. Shell "dismisses the suggestion that it has knowingly continued to use a pipeline that is not safe to operate," it told the BBC . The emails, letters and internal reports submitted to a court in London show that senior Shell employees were concerned before the spill that Shell's pipelines in the area had reached the end of their lives and needed replacing to avoid danger to lives, the environment and the economy. Continue...
Read more