The naira was stable on the parallel market as it closed at N910/$1 on Wednesday.
However, on the official Investors and Exporters’ (I&E) FX window, the naira exchange rate closed at N773/$1, compared to N770/$1 from the previous day.
The official I&E window’s daily volume turnover was $167.07 million compared to the daily volume of $64.93 million exchanged the previous day, indicating a 257 per cent increase in one day.
Also, the highest spot rate of the day was pegged at N799.9/$1 while its lowest exchange was N738/$1.
President, Association of Bureau De Change Operators of Nigeria (ABCON), Mr. Aminu Gwadabe, had alleged that the fintechs and some other unlicenced mobile money operators were contributing to the pressure in the FX market.
“The fintechs and unlicensed firms are contributing to pressure in the market. These fintechs are now operating across different jurisdictions and different legislatures. Imagine Binance has millions of Nigerians on its platform, how is Nigeria benefiting from that?” he added.
Nume Ekeghe
Follow us on:
IGP Egbetokun has ordered an investigation into Jimoh Abdulquadri’s death in police custody, promising justice…
Donald Trump has rejected suggestions that Elon Musk is the true influence behind the newly…
Tiger Woods' son Charlie has achieved his first golf hole-in-one during the final round of…
New Zealand has rejected the Cook Islands’ proposal for a separate passport, requiring full independence…
Honda and Nissan plan a merger to create the world’s third-largest automaker, aiming to finalise…
Trump has selected ex-bank president Mauricio Claver-Carone as Latin America envoy, despite past misconduct allegations…
View Comments
Impounded Due To Smuggling And Improper registration.
*These Vehicles Are Direct Belgium/Tokunbo and Has Never Been Used In Nigeria.
Contact OFFICER
BALE OF CLOTHES FOR SALE (50K) price is #45k
• Toyota Land Cruiser-N8.5 million
• Toyota Prado-N6 million
• Toyota Corolla -1.2m
Toyota sienna-1.9
• Toyota Camry -N1M
• Toyota Avensis-N2.7M
• Toyota Yaris – N2.2millon
• Toyota Venza – N2.8 million
• Toyota RAV4 SUV –N3.2m
• Toyota Hilus Pickup-N3m
• Toyota Dyna Truck – N5.5m
• Toyota Hiace Bus – N3.5m
* Toyota Highlander-N2.2m
*Toyota Big daddy-N550
Honda Civic car–N600,000
Honda Accord –N650,000
Honda CR-V –N750,000
Honda CR-V –N780,000
Honda Pilot –N900,000
*Prices of some Volswagen cars:
golf 1 = 300, 000
Golf 2,-N350, 000
golf 3,4-400, 000-500,000
golf 5 -N550,000
Jetta-N350,000
Passat-N450,000
O7O 4540 6674 }
Lexus RX300-N1.1m
Lexus RX350-N3.8m
Lexus GX460-N4.2m
Lexus GX470-N5.5m
Lexus RX400-# 3.3m
Toyota Sienna = 850,000