Posts

Showing posts with the label Naira up at N359/$ in parallel market

FEATURED POST

Job: Nigeria, Britain partner to combat unemployment

Image
The Nigerian government has expressed its willingness to partner with the British Government in tackling unemployment and creating job opportunities for young persons in the country. The Minister of State for Labour and Employment, Dr Festus Keyamo, with the Political Counsellor, British High Commission, Mr Dominic Williams. PHOTO: NAN The Minister of State for  Labour  and Employment, Dr Festus Keyamo, stated this when the Political Counsellor, British High Commission, Mr Dominic Williams, paid him a courtesy visit in Abuja. “We are ready to collaborate with our partners all over the world to open up avenues for job creation. We are open to all kinds of suggestions and levels of co-operation,” he said. He disclosed that the Government has opened up other sectors as part of efforts to diversify the economy from oil, which would, in turn, create room for employment. According to him, part of the efforts of Government to diversify the economy and boost job creation...
PropellerAds

People also read:

Gentle Soul - Mama's Prayer

Naira up at N359/$ in parallel market

Image
The Naira, yesterday, appreciated to N359 per dollar in the parallel market. According to   naijabdcs . com , the live exchange rate platform of the Association of Bureaux De Change Operators of Nigeria (ABCON), the parallel market exchange dropped to N359 per dollar from N359.5 per dollar last week Friday, indicating 50 kobo appreciation of the naira. However, the naira ,yesterday, depreciated by N1.68 kobo in the Investors and Exporters (I&E) window due to a 20 percent decline in the volume of dollars traded.. Data from FMDQ showed that the indicative exchange rate for the window rose to N365.68 per dollar yesterday from N364 per dollar last week Friday, translating to N1.68 kobo depreciation of the naira. The volume of dollars traded on the window yesterday dropped by 20 percent to $113.23 million from $140.91 million traded last week Friday.