• About Us
  • Submit Songs
  • DISCLAIMER
  • DCMA
  • PRIVACY POLICY
  • Contact us
Monday, September 15, 2025
illuminaija
No Result
View All Result
  • Home
  • Music
    • Nigerian Songs
  • Foreign Music
    • All Songs
    • Download
    • DOWNLOAD MP3
  • Videos
    • Comedy Videos
    • Movies
  • Biography
  • Net Worth
  • Relationship lifestyle
  • Dj Mix
  • Instrumentals
  • Albums
  • DCMA
  • Contact us
  • Home
  • Music
    • Nigerian Songs
  • Foreign Music
    • All Songs
    • Download
    • DOWNLOAD MP3
  • Videos
    • Comedy Videos
    • Movies
  • Biography
  • Net Worth
  • Relationship lifestyle
  • Dj Mix
  • Instrumentals
  • Albums
  • DCMA
  • Contact us
No Result
View All Result
illuminaija
No Result
View All Result
  • Home
  • Music
  • Foreign Music
  • Videos
  • Biography
  • Net Worth
  • Relationship lifestyle
  • Dj Mix
  • Instrumentals
  • Albums
  • DCMA
  • Contact us
Home News

Naira Crashes Against Dollar…See Latest Exchange Rate

by Shiz
September 16, 2020
in News

image

The naira on Tuesday exchanged N460 to a dollar at the parallel market as the currency continued its decline.

This is despite the resumption of forex sales to the Bureau de Change Operators.

The naira had earlier dropped from N480/$ following the Central Bank of Nigeria’s announcement to resume forex sales to the BDCs, and exchanged at N440/$ as of Thursday.

The CBN on September 7, sold $51m to 5,180 BDCs when it commenced sales.

The Central Bank Governor, Godwin Emefiele, on Tuesday, said the drop in crude oil earnings, as well as the drop in foreign portfolio inflows significantly affected the supply of foreign exchange into Nigeria.

He said this during the 13th annual Banking & Finance Conference, being organised by the Chartered Institute of Bankers of Nigeria with the theme, “Facilitating a sustainable future: The role of banking and finance,” on Wednesday.

The event took place online in both Lagos and Abuja.

Emefiele said, “In order to adjust for the decrease in supply of foreign exchange, the naira depreciated at the official window from N305/$ to N360/$ and to N380/$.

“These adjustments along with increased efforts to restrict undue speculative activities, has led to a growing unification of rates across all the forex market segments.

“In addition, the band between the parallel market and the official exchange rate over the past month, has narrowed recently due to some of the measures taken by the CBN to curb illegal forex transactions.”

He explained that with the decline in the country’s foreign exchange earnings and subsequent adjustments in the value of the naira vis-à-vis the US dollar, the CBN had continued to implement a demand management framework, which was designed to support improved production of items that could be produced in Nigeria, and further conservation of its external reserves.

He said, “These measures have helped to prevent a significant decline in our reserves.

“Our external reserves currently stand at $36bn and are sufficient to cover 8months of import of goods and services.”

Real Madrid kits 24-2025 For Dream League Soccer 2025
Tools

Real Madrid kits 24-2025 For Dream League Soccer 2025

Tools

First Touch Soccer 2025 (FTS 25) Mod Apk Obb Data Download

Tools

GTA 5 Apk Obb Data Latest Download For Android

Discover the latest vibes on illuminaija, here where rhythm meets Foreign Music.
ShareTweetPinSend
Previous Post

Ondo Poll: Five Injured, Vehicle Burnt As Akeredolu, Jegede Supporters Clash

Next Post

Asisat Oshoala Presents Barcelona Jersey To Oba Elegushi (Photos)

Shiz

Shiz

Related Posts

Prince Kaybee shuns claim that celebrities are fake

Prince Kaybee shuns claim that celebrities are fake

A Lady Begs BBN Host, Ebuka Obi-Uchendu To Make Her His Baby Mama

A Lady Begs BBN Host, Ebuka Obi-Uchendu To Make Her His Baby Mama

Cassper Nyovest reacts to Coronavirus in SA – “I’m so scared”

Cassper Nyovest reacts to Coronavirus in SA – “I’m so scared”

Wow! Man Transforms Girlfriend After Meeting Her Lying On The Street Homeless And Smelling (Photos)

Wow! Man Transforms Girlfriend After Meeting Her Lying On The Street Homeless And Smelling (Photos)

Police arrest suspected child trafficker in Anambra, rescue 12 children (photos)

Police arrest suspected child trafficker in Anambra, rescue 12 children (photos)

Nigeria emerges as the biggest economy in Africa as South Africa enters recession

Nigeria emerges as the biggest economy in Africa as South Africa enters recession

Leave a Reply Cancel reply

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

No Result
View All Result

Recent Posts

DOWNLOAD Njabulo Langa – Asehleni Ft Jaiva Zimnike mp3

DOWNLOAD Njabulo Langa – Asehleni Ft Jaiva Zimnike mp3

Balloranking – Dirty

DOWNLOAD Balloranking – Barcadi mp3

Balloranking – Dirty

DOWNLOAD Balloranking – Dirty mp3

Balloranking – Lavish

DOWNLOAD Balloranking – Lavish mp3

Balloranking – Level Up

DOWNLOAD Balloranking – Level Up mp3

Trending Posts

Cheapest Accommodation In Canada For International Students
Scholarship

Cheapest Accommodation In Canada For International Students

Cheapest Accommodation In Canada For International Students Do you intend to study in Canada as an international student? I believe...

Read moreDetails
Pet Store Salesperson Need in Canada up to $3000 – Apply Now
Jobs

Pet Store Salesperson Need in Canada up to $3000 – Apply Now

If you are a lover of pets and want to make money, migrate to Canada Visa Free and work over...

Read moreDetails
Scholarship : Latest McCall MacBain Study Award for International Students in Canada 2024
Scholarship

Scholarship : Latest McCall MacBain Study Award for International Students in Canada 2024

Scholarship : Latest McCall MacBain Study Award for International Students in Canada 2023 Great offer! Scholarships are an excellent way to offset...

Read moreDetails
Non-English Speakers Seeking Employment in Canada (Tips and Guide)
Jobs

Non-English Speakers Seeking Employment in Canada (Tips and Guide)

Working in Canada is fantastic. The Canadian economy is prospering, and the country’s industry is expanding quickly. A pressing need...

Read moreDetails
Benefits of Migrating to Canada I Bet You Didn’t Know
Jobs

Benefits of Migrating to Canada I Bet You Didn’t Know

Many people want to migrate to Canada because the country offers many opportunities for new immigrants. People can enjoy several...

Read moreDetails
Over 2000+ High Paying Job Vacancies in Canada – Apply Now
Jobs

Over 2000+ High Paying Job Vacancies in Canada – Apply Now

If you are here right now, it is assumed that you are looking for a job in Canada. This article...

Read moreDetails
Harvard University Academy Scholarship For International Students
Scholarship

Harvard University Academy Scholarship For International Students

Harvard University Academy Scholarship For International Students Harvard University Scholarship is either external or internal. Internal scholarships at Harvard University...

Read moreDetails
Discover Unique ways of Finding Jobs when Relocating to Canada
Jobs

Discover Unique ways of Finding Jobs when Relocating to Canada

Discover Unique ways of Finding Jobs when Relocating to Canada Canada is one of the most popular places to find...

Read moreDetails
Canada Travel Tips: Top 10 cities in Canada for full-time jobs
Jobs

Canada Travel Tips: Top 10 cities in Canada for full-time jobs

Canada Travel Tips: Top 10 cities in Canada for full-time jobs While the general trends in job growth in Canada...

Read moreDetails
Opportunity : Check out highest paying jobs in Canada for 2023
Jobs

Opportunity : Check out highest paying jobs in Canada for 2023

Opportunity : Check out highest paying jobs in Canada for 2023 Numerous Research Has shown Employees in Canada are more...

Read moreDetails
  • About Us
  • Submit Songs
  • DISCLAIMER
  • DCMA
  • PRIVACY POLICY
  • Contact us

© 2023 illuminaija

No Result
View All Result
  • Home
  • Music
    • Nigerian Songs
  • Foreign Music
    • All Songs
    • Download
    • DOWNLOAD MP3
  • Videos
    • Comedy Videos
    • Movies
  • Biography
  • Net Worth
  • Relationship lifestyle
  • Dj Mix
  • Instrumentals
  • Albums
  • DCMA
  • Contact us

© 2023 illuminaija