By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: Naira sells N1,600/$ at parallel market, N1,602.75/$ @official window
Share
Sign In
Notification Show More
Latest News
Confusion as APC Chair, Ganduje resigns
News Politics
Girls in ICT: Stakeholders call for inclusive approach to empower young women in FCT
Education Metro News Youths
Rehab Bill gets boost: African Women Initiative throws weight behind Senate
Civil Society Organisations Metro News Politics
NSSEC unveils ‘Grow What You Eat’ Initiative to boost school farming
Agriculture Civil Society Organisations Education Environment Metro News
UNESCO leads grassroots peace campaign at Abacha bus terminal
Civil Society Organisations Metro News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > Economy > Naira sells N1,600/$ at parallel market, N1,602.75/$ @official window
BusinessEconomyNews

Naira sells N1,600/$ at parallel market, N1,602.75/$ @official window

Publisher
By Publisher Published March 16, 2024
Share
1 Min Read
SHARE

The naira was sold for N1,600 per dollar at the parallel market on Friday, falling by 1.91 percent compared to the N1,570/$ reported on March 13.

In Lagos, bureau de change (BDC) operators gave the buying price of the dollar at N1,580 and the selling price at N1,600, with a profit margin of N20.

At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s official window, the naira appreciated by 0.38 percent to N1,602.75/$ — from N1,608.98/$ on March 14.

- Advertisement -
Ad image

The Central Bank of Nigeria (CBN) on March 14 said banks must not utilise gains from foreign currency revaluation to pay dividends and expenses.

“Further to our letter dated September 11, 2023, referenced BSD/DIR/CON/LAB/16/020 on the above subject, the Central Bank of Nigeria wishes to reiterate that banks are required to exercise utmost prudence and set aside FCY revaluation gains as a counter-cyclical buffer to cushion any adverse movements in the FX rate,” CBN said.

“In this regard, banks shall not utilize such FX revaluation gains to pay dividends or meet operating expenses.”

Like this:

Like Loading...

Related

You Might Also Like

Confusion as APC Chair, Ganduje resigns

Girls in ICT: Stakeholders call for inclusive approach to empower young women in FCT

Rehab Bill gets boost: African Women Initiative throws weight behind Senate

NSSEC unveils ‘Grow What You Eat’ Initiative to boost school farming

UNESCO leads grassroots peace campaign at Abacha bus terminal

TAGGED: Dollar, Exchange Rate, forex, Naira

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher March 16, 2024
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Kano: TCN Commissions 100MVA Power Transformer in Dan Agundi 132/33kV Transmission Substation
Next Article DHQ reacts to killing of commanding officer, 15 others in Delta community
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

Confusion as APC Chair, Ganduje resigns
News Politics June 27, 2025
Girls in ICT: Stakeholders call for inclusive approach to empower young women in FCT
Education Metro News Youths June 27, 2025
Rehab Bill gets boost: African Women Initiative throws weight behind Senate
Civil Society Organisations Metro News Politics June 27, 2025
NSSEC unveils ‘Grow What You Eat’ Initiative to boost school farming
Agriculture Civil Society Organisations Education Environment Metro News June 27, 2025

You Might also Like

NewsPolitics

Confusion as APC Chair, Ganduje resigns

June 27, 2025
EducationMetroNewsYouths

Girls in ICT: Stakeholders call for inclusive approach to empower young women in FCT

June 27, 2025
Civil Society OrganisationsMetroNewsPolitics

Rehab Bill gets boost: African Women Initiative throws weight behind Senate

June 27, 2025
AgricultureCivil Society OrganisationsEducationEnvironmentMetroNews

NSSEC unveils ‘Grow What You Eat’ Initiative to boost school farming

June 27, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d