Bureaux De Change (BDC) operators have voiced their support for the FG’s position against further devaluation of the Naira. The parallel market exchange rate, which had been on the downward trend since last week, fell further to N345 per dollar at the close of business yesterday from N375 on Monday.
BDC operators attributed the continued appreciation to increased supply and sharp decline in demand for foreign exchange. Taiwo Ebenezer, South West Zonal Chairman, and Association of Bureaux De Change Operators of Nigeria (ABCON) said: “People are coming to the market to sell but there is no demand.”…. he put d blame on Ben Bruce who told ppl to start buying 9ja to strengthen d Naira….
BDCs kick against devaluation as Naira appreciates to N345 to a dollar
Related Articles
-
Situation report of one of the rooms at Imo State NYSC camp’s female hostel.
admin, , news, 0
The ceiling got tired this morning and collapsed, narrowly missing a girl lounging on her bed. This came minutes...
-
NDLEA saves traffickers from death after suffering complications from ingested cocaine
admin, , news, 0
2 suspected drug traffickers were recently saved from untimely death at the Nnamdi Azikiwe International Airport (NAIA) Abuja,...
-
-
51-year-old casket maker arraigned for raping an 8-year-old school girl
admin, , news, 0
Kayode Michael, 51, was arrested by the police at the Adeniji Adele Division, Lagos Island, after allegedly committing the...
-
PHCN staff electrocuted in Lagos
admin, , news, 0
Tragedy struck today at Kogberegbe Street, Isolo, Lagos, while a staff of the Power Holding Company of Nigeria, got...
-
-
“Low voters turnout was caused by vaudeville of ratiocinations” – Obahiagbon. Read more
admin, , news, 0
Edo State Chief of Staff, Hon. Patrick Obahiagbon, in an interview with Punch Newspaper, speaks on the general elections…...
-
Artiste exposed for deceiving his followers with internet image of Porsche
admin, , news, 0
The artiste cum producer, took to his page some minutes ago to announce that he just got a...
0 Comments
View Posts By Dates
ADs
Latest Posts
-
Just 45.7% of Lagos Students Passed 2024 WASSCE — State Govt Vows Reforms April 25, 2025
-
More Nigerians Could Slip Into P+v£rty by 2027 — World Bank Warns April 25, 2025
-
UPDATED: Having satellite Dish Will Not Take You To H+ll — Sheikh Habeebullah Ilory Challenges Outdated Religious Doctrines April 25, 2025
-
Court Orders Arrest of Six CBEX Promoters Over Alleged $1 Billion Crypto Fra¥d April 25, 2025
-
Shimite d+ed a natural de@th from unmanaged hypertension; autopsy has confirmed — Family’s close friend April 25, 2025
-
Actor Timini reveals how he feels about his female co-actors April 24, 2025
-
True Love: 2Baba and Hon. Natasha reportedly set to wed traditionally on Friday — Stella Dimokokorkus April 24, 2025
-
Insecurity: ‘Enough is Enough’ — President Tinubu tells NSA, Security chiefs April 24, 2025
-
Food Prices Are Dropping Due to Tinubu’s Strategic Policies — Min. Mohammed Idris April 24, 2025
-
Burna Boy’s ex-girlfriend Stefflon Don reveals the identity of the real Giant of Africa April 24, 2025