By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Catalyst MagazineThe Catalyst Magazine
Notification Show More
Latest News
Nigerian Supreme Court affirms President Tinubu’s election win
NEWS POLITICS
BREAKING: Supreme Court Dismisses Atiku’s Appeal, Affirms Tinubu’s Electoral Victory  
NEWS POLITICS
Tyson Fury vs Francis Ngannou: Fight time, undercard, latest odds, prediction, purse and ring walks
SPORT
THE CATALYST MAGAZINE: K1 SPECIAL EDITION
Uncategorized
The Catalyst Magazine: The Black Mentor
Magazine POLITICS
Aa
  • Home
  • News
    • POLITICS
    • TECH
    • SPORT
    • ENTERTAINMENT
    • BUSINESS
    • LIFESTYLE
    • HEALTH
    • INVESTMENT
    • CLIMATE & ENVIRONMENTAL CHANGE
  • Magazines
  • Contact
Reading: Naira exchanges for N491/$ at parallel market
Share
Aa
The Catalyst MagazineThe Catalyst Magazine
Search
  • Home
  • News
    • POLITICS
    • TECH
    • SPORT
    • ENTERTAINMENT
    • BUSINESS
    • LIFESTYLE
    • HEALTH
    • INVESTMENT
    • CLIMATE & ENVIRONMENTAL CHANGE
  • Magazines
  • Contact
Have an existing account? Sign In
Follow US
The Catalyst Magazine > Blog > BUSINESS > Naira exchanges for N491/$ at parallel market
BUSINESS

Naira exchanges for N491/$ at parallel market

admin
Last updated: 2021/05/27 at 4:53 PM
admin Published May 27, 2021
Share
SHARE

Naira Dollar

The naira exchanged to the dollar at N491.5/$ at the parallel market on Wednesday.

According to naijabdcs.com, the official exchange rate website of the Central Bank of Nigeria for the Bureau de Change operators, the country’s currency was bought and sold at N487/491.5 to the dollar as of Wednesday evening.

The CBN recently adopted the NAFEX Investor & Exporter forex window rate of N410.25 as its official exchange rate to the dollar.

It confirmed this new official rate on its website on Monday night, after it had removed N379/$.

It would be recalled that in April 2017, the CBN established the I&E forex window as part of efforts to deepen the foreign exchange market and accommodate all forex obligations.

The purpose of the window was to boost liquidity in the forex market and ensure timely execution and settlement for eligible transactions.

You Might Also Like

Protest: Private Sector Begs Tinubu Regime, NLC, TUC Not To Disrupt Economy

Dangote to start exporting fertiliser to U.S., Brazil

June 19, 2021

Banks commence N6.98 USSD charge, customers kick

FIRS launches new tax returns platform

admin May 27, 2021
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply Cancel reply

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

Follow US

Find US on Social Medias
Facebook Like
Twitter Follow
Youtube Subscribe
Telegram Follow

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
Popular News

BREAKING: CBN retains lending rate at 11.5%

admin admin May 25, 2021
After Infinix Zero, Infinix Plans Another Device Launch
APC to Ikpeazu: Tell Abians about the commissioners you have appointed
UK approves single shot Johnson & Johnson COVID-19 vaccine
Chelsea Vs Crystal Palace (1 – 0) On 15th January 2023
- Advertisement -
Ad imageAd image
Global Coronavirus Cases

Confirmed

0

Death

0

More Information:Covid-19 Statistics

Categories

  • ES Money
  • U.K News
  • The Escapist
  • Insider
  • Science
  • Technology
  • LifeStyle
  • Marketing

About US

We influence 20 million users and is the number one business and technology news network on the planet.
Quick Link
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index
Top Categories
  • My Bookmark
  • Interests
  • Contact Us
  • Blog Index

Subscribe US

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

© The Catalyst Magazine. All Rights Reserved. Designed by Webright Technology

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?