The currency depreciated sharply from N518 its opened trading on Monday, February 20, 2016 to N510 at midday trading.
The local currency against the Pound Sterling and Euro to N635 and N542 at the parallel market.
At the official market, the naira had since been pegged by regulators at 305 naira per dollar.
Meanwhile, the Acting Director, Corporate Communications, CBN, Isaac Okoroafor has advised Nigerians, who have legitimate reasons to procure forex to approach their banks, where their needs would be catered for rather than go to the parallel market.
“The banks have been directed to sell to all the people that will come up for it and they actually have been directed to open up avenues at the airport so that they can deal with these demands,” he explained.
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Hmmmm...
ReplyDeleteTalk about ones primary constituency.
It would have been excellent if Redeemed Christian Church of God which happens to be the primary constituency of the Vice President actually dedicated some of their fasting days specifically for the success of their Brother and Member.
It would have been excellent if the primary constituency of the Vice President actually dedicated some of their fasting days specifically for the current challenges facing the administration in which their Brother and Member is a key figure.
It would have been excellent if the primary constituency of the Vice President actually dedicated some of their fasting days specifically for the sole aim of declaring and praying to fulfillment "PEACE BE STILL" to all the challenges facing the administration in which their Brother and Member is a key figure.
It would have been excellent if the primary constituency of the Vice President can actually help the administration in which their Brother and Member is a key figure to identify and fish out the actual root causes of our challenges and those enemies of the progress of Nigeria.
It would have been excellent if the primary constituency of the Vice President actually can help instill a whole sense of caution into the minds and hearts of everyone that is against the progress of our dear Nation Nigeria.
It would have been excellent if only wishes were horses.
Indeed Nigeria, "I HAVE A DREAM......."