See How Naira Weakens Against Dollar Following New CBN Guidelines for BDCs
See How Naira Weakens Against Dollar Following New CBN Guidelines for BDCs
The Naira depreciated against the Dollar for the first time since last Thursday, amid new guidelines issued by the Central Bank of Nigeria (CBN) to Bureaux De Change (BDC) operators.
According to FMDQ data, the Naira traded at N1485.66 per Dollar on Thursday, down from N1462.59 on Wednesday, marking a loss of N23.07. In the parallel market, the Naira also weakened, trading at N1460 per Dollar on Thursday compared to N1450 the previous day.
This depreciation is the first significant decline since the Naira dropped by N73 against the Dollar a week ago. The latest movement in the exchange rate occurred less than 24 hours after the CBN required BDC operators to reapply for lic
enses.
TRENDING SONGS
RCCG PASTOR ANGRY OVER CALLING Him“MR” INSTEAD OF “DR,” DECLARES CURSE ONLINE
NPMA Appeals to Nigerian Government for Compensation After Lagos Market Fire
Rest Every Four Hours, FRSC Issues Safety Guide for Fasting Motorists
NNPC Boss Ojulari Bags UK Energy Institute Fellowship
Shock in Anambra: Bride Disappears Moments Before Wedding
Nigerian Woman Returns ₦330 Million Accidentally Credited to Her Account
APC Don Reach Morocco?’ VeryDarkMan Reacts to Seyi Tinubu Poster
Bride Breaks Down in Tears as Wedding Meals Were Kept Secretly While Guests Go Home Hungry
Odogwu by Day, Robber by Night: How Marriage Joy Turned Into Tragedy
Nigerian Officials Allegedly Pocket N4–6B Weekly Through Smuggling Cartels at Seme–Badagry Border
Share this post with your friends on 
