Wednesday, 21 December 2016



No Hope! Naira Depreciates Further...See Latest Exchange Rate

The naira has plunged woefully at the parallel market as it continues to tumble leaving many Nigerians seriously worried.

*Photo used for illustrative purpose*
 
The Naira on Wednesday fell further to N492 to a dollar at the parallel market, from N490 it closed on Tuesday. The Pound Sterling and the Euro closed at N605 and N505 respectively.
 
At the Bureau De Change window, the Naira traded at N399 to a dollar, CBN rate, while the Pound Sterling and the Euro closed at N604 and N510, respectively.
 
The Naira remained stable at the official interbank window, exchanging at N305.25 to a dollar.
 
Against the backdrop of the call for the abolition of the parallel market, Alhaji Aminu Gwadabe, President Bureau De Change Operators of Nigeria (ABCON) said it was a welcome development.
 
“The scrapping of multiple markets outside the purview of the CBN will be a welcome development.

“The existence of multiple rates is highly unacceptable,’’ Gwadabe said.
 
-NAN
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Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
 


 
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
 
for more information click RELIANCE TRAINING AND MANAGEMENT CONSULTING

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