NAIRA NEARS N2,000 PER DOLLAR

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NAIRA NEARS N2,000 PER DOLLAR

The Naira raced to N2,000 per dollar at the black market on Saturday despite the Central Bank of Nigeria’s sale of dollars to the Bureau De Change operators.

A BDC operator, Dayyabu Ashiru confirmed that Naira was exchanged for N1,670 per dollar on Saturday from the N1665 exchange rate last Friday.

“We buy at N1665 per dollar and sell at N1670”, he said.

The apex bank announced that it sold $20,000 each to legible BDC operators at N1580 per dollar rate last week.

Meanwhile, the Naira appreciated last Friday at the official market to close the week at N1593.32 per dollar exchange rate.

About Dons Eze

DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

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