naira
naira

The Naira on Monday remained stable at the foreign exchange market as it maintained its rate of N305 to dollar achieved on Friday at interbank deals.

At the Bureau De Change (BDC) window, the naira was sold at N385 to a dollar, while it traded at N553 for the Pound Sterling and N500 for the Euro.

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The currency, however, closed at N455 to the dollar, N547 to Pound Sterling and N495 for the Euro at the parallel market.

The figures were same as Friday’s rate except for Pound Sterling which the Naira exchanged for at N547, appreciating by N3 from N550.

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Meanwhile, Alhaji Aminu Gwadabe, President, Association of Bureau De Change Operators of Nigeria (ABCON) has called for a greater flexibility in the distribution of foreign exchange to their members.

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Gwadabe also called for the appointment of one other distributor of the foreign currencies, in addition to Travelex, to ease the challenges faced by some of the association’s members outside Lagos.


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  • vic

    CLEARLY, BDS WINDOWS ARE A TOTAL FOREX FRAUD PERPETUATED BY THE CBN GOVERNOR, GODWIN EMEFIELE, WHERE THEY BUY FOREX AT N305 TO A DOLLAR AND SELL THE SAME AT N455 TO A DOLLAR AND YET THEY WILL GO BACK AND SHOW RECEIPTS AND BVN NUMBERS OF CUSTOMERS TELLING THE CBN THAT THEY SOLD DOLLARS WITH A MARGIN OF PLUS MINUS FIVE DOLLARS TO CUSTOMERS.

    BUHARI SHOULD KNOW, NO BDS IS SELLING DOLLARS LESS THAN 455 TO A DOLLAR AND 555 TO A POUND. CLEARLY THE CBN GOVERNOR GODWIN EMEFIELE IS AIDING AND ABETTING FOREX FRAUD IN NIGERIA COMMITTED ROUTINELY BY THE BDS UNDER EMEFIELE’S NOSE. TO THIS EFFECT, THE CBN, THE COMMERCIAL BANKS OF NIGERIA, THE FIRST BANK OF AFRICA, ARE ALL A FOREX CABAL AND A RING OF FOREX FRAUD BEING COMMITTED BY THE BDS AGAINST NIGERIA AND NIGERIANS.

    UNDER THIS CONTINUED FOREX FRAUD BEING COMMITTED BY THE BDS UNDER THE VERY NOSE OF THIS FOREX FRAUDSTER, CBN GOVERNOR, GODWIN EMEFILE, EMEFIELE MUST BE IMMEDIATELY DISMISSED, PROBED AND LOCKED UP IN JAIL ALONG WITH THE CHIEF FOREX FRAUDSTER AND ESTA CODE DOLLAR PEDOPHILE, DAURA DUMB, BUHARI. THEY ARE BOTH THE BIGGEST FOREX FRAUDSTERS IN NIGERIA WHILE A COMMON NIGERIAN IS BLOCKED TO USE INTERNATIONAL NAIRA CARDS OVERSEAS FOR THE PAYMENT OF SCHOOL FEES.

    BUHARI AND EMEFIELE ARE THE TWO PEOPLE RESPONSIBLE FOR THE CURRENT ECONOMIC DISASTER AND DESTRUCTION OF NAIRA IN NIGERIA TODAY. THEY ARE BOTH EVIL MEN AND A TOTAL CURSE TO NIGERIA AND NIGERIANS.