Business & Economy
Latest Foreign Exchange Rates Headline News: Dollar To Naira, Euro, Pounds For Today Thursday, 27 January, 2022
Latest Foreign Exchange Rates Headline News For Today Thursday, 27 January 2022 has been compiled by BrandNewsDay and can be accessed below.
In today’s Latest Foreign Exchange Rates, Brand News Day Nigeria has compiled the Latest Foreign Exchange Rates News Update headlines update for today, Thursday, January 27, 2022, for forex holders, business owners and prospects willing to be up-to-date on the latest Foreign Exchange Rate news.
Latest Foreign Exchange Rates Headline News: Dollar To Naira, Euro, Pounds For Today, Thursday 27 January, 2022
BREAKING: Naira Falls Massively At Black Market, See New Foreign Exchange Rate
Naira Falls Massively At Black Market, See New Foreign Exchange Rate To Naira
Brand News Day Nigeria reports that the Nigerian official currency, Naira on Monday, January 24, 2022, fell massively against the British Pounds and Euro, days after maintaining the same position at the parallel market better known as the black market.
This online news platform understands that while the naira has fallen against Pounds and Euro, it, however, maintained the position it closed last week against the United States dollar at the black market.
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.
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