Naira Gains Big At Black Market As CBN's New Policy Improves Dollar Supply - 9jaflaver



Light Dark

WELCOME TO 9JAFLAVER

PREMIUM BEATS  |  NEWS  |  TRENDING/HOTTEST SONGS  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  MOVIES  |  COMEDY VIDEOS  |  NIGERIAN MUSIC ARTISTES



SEARCH ANYTHING BELOW:-


ads2


Naira Gains Big At Black Market As CBN’s New Policy Improves Dollar Supply




The Nigerian naira has staged a recovery against the dollar to close at N490/$1 at the parallel market on Tuesday, December 1, 2020. 

This represents a N10 gain when compared to the N500/$1 that it exchanged for on Monday, November 30,according to a report by Nairametrics. Forex turnover rose significantly by 379.6%. However, Naira’s exchange rate at the NAFEX window depreciated against the dollar to close at N394/$1 during intra-day trading on Tuesday, December 1. 

This was as a result of CBN’s new policy on diaspora remittances. In the amended procedures for receipt of diaspora remittances, the recipients are allowed to collect dollars and can sell at the black market in an apparent attempt to improve liquidity in the forex market and reduce the disparity between the black market and official market.



 Whatsapp  Twitter  Facebook




Promote Music, Video, Comedy Skit On 9jaflaver
Call: +2348173379226 Or +2348143945195

Whatsapp: +2349027283345













Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-


       






© 2014-2021 9jaflaver. All Rights Reserved.

About us||Content Remova||Privacy Policy|Contact us

Advertis|Request For Music

9jaflaver is not responsible for the content of external sites.