Business & Economy
Latest Foreign Exchange Rate News: Dollar To Naira, Euro, Pounds For Today Tuesday 25 January 2022
Latest Foreign Exchange Rate News For Today Tuesday 25 January 2022 has been compiled by BrandNewsDay and can be accessed below.
In today’s Latest Foreign Exchange Rate, Brand News Day Nigeria has compiled the Latest Foreign Exchange Rate News Update headlines update for today, Tuesday, January 25, 2022, for guardians and prospects willing to be up-to-date on the latest Foreign Exchange Rate news.
Latest Foreign Exchange News: Dollar To Naira, Euro, Pounds For Today Tuesday 25 January 2022
Why CBN Must Resume Sale Of Dollar To BDCs As FX Pressure Peaks
Why CBN Must Resume Sale Of Dollar To BDCs As Foreign Exchange Pressure Peaks, according to the Founder of Agusto & Co Limited.
In order to reduce the pressure in the foreign exchange market, the Central Bank of Nigeria (CBN) should resume the sale of dollars to licensed Burea De Change operators.
Brand News Day Nigeria reports that the Founder of Agusto & Co Limited, Mr Bode Agusto during a webinar titled, “Nigeria in 2022- Will 2022 Be a Year of Strong Growth Driven by Herd Immunity from COVID-19?”
He also projected that if the CBN maintains its current stands not to sell dollars directly to the Bureau De Change (BDC) operators, the Naira to exchange rate would depreciate to N620/$1 in the parallel market before the end of 2022.
The Naira would continue to suffer in the parrel market if additional liquidity is not brought into the market through the BDCs. He said, “We see continued pressure on the parallel market exchange rates. To Continue, CLICK HERE.
Naira To Dollar Exchange Rate ‘Would’ Hit N620/$1 In Black Market Soon -Expert
Naira to Dollar exchange rate would depreciate to N620/$1 in the parallel market otherwise known as the black market before the end of 2022.
Brand News Day Nigeria reports that the Founder of Agusto & Co Limited, Mr Bode Agusto made this known during a webinar recently that the Naira to dollar exchange rate would depreciate to N620/$1 in the parallel market before the end of 2022.
Mr Bode Agusto made this known in a webinar titled, “Nigeria in 2022- Will 2022 Be a Year of Strong Growth Driven by Herd Immunity from COVID-19?”
He also explained that if the CBN maintains its current stands not to sell dollars directly to the Bureau De Change (BDC) operators, the Naira to dollar exchange rate would depreciate to N620/$1 in the parallel market before the end of 2022.
Brand News Day Nigeria reports that this page will keep the readership up-to-date with the CBN Euro to naira daily exchange rate alongside the Euro to naira black market exchange rate in the parallel market otherwise known as the black market which is managed by the Burea De Change (BDC) operators.
As a result of the high demand in the search query for the Euro to naira exchange rate, it becomes important to bring to your notice. BrandNewsDay, however, states that this page concentrates solely on the Euro to naira today black market rate.
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