Naira at record black market low, stocks down as FX bans weigh
Naira was quoted at an all-time low of 409 to the dollar on the black market on Thursday, compared with 402 the previous day, after the suspension of some banks from forex trading made dollars even harder to obtain. This is according to Reuters’ report monitored by Business247 News Online.
The Central Bank of Nigeria (CBN) suspended nine commercial banks from forex transactions on Tuesday for failing to pay money owed to the government – although one was readmitted after making a payment. Shares in some of the banks hit dropped by up to 7.8 percent.
Traders said the local currency fell due to the impact of the suspensions, compounding the dollar shortages Nigeria has been suffering due to the slump in the price of its oil exports.
“The suspension of some banks from transaction in the forex market has really increased pressure on the market,” said Aminu Gwadabe, president of the Bureaux De change Association.
Bank executives have been meeting central bank officials to resolve the forex issue as investors continued to dump their shares second day.
Skye Bank fell the most of those suspended from foreign exchange transactions, shedding 7.81 per cent, followed by Fidelity Bank down 3.0 percent. FBN Holdings shed 1.9 percent while Diamond Bank and FCMB were down 0.8 percent. The falls pulled the main index down 1.8 percent.
On the interbank market, the currency gained 0.2 per cent to close at 305 naira to the greenback with traders attributing the rise to central bank dollar sale to prop up the unit. The bank has been selling dollars almost daily to boost liquidity.
However, currency forwards put the naira at 344.50 to the dollar in one months’ time.
On Thursday, the central bank settled $152.48 million of naira futures contracts it sold in June at an exchange rate of 279 naira per dollar, further draining its reserves, which is at its lowest in more than 11-years.
In June, the CBN abandoned its currency peg to the dollar, allowing the naira to weaken by 40 percent in a bid to attract more foreign investment.
But so far trading in the official foreign exchange market has been limited as those with dollars prefer to sell them for a higher rate on the black market, the report said.
I simply want to say I am new to blogging and site-building and seriously loved this blog site. More than likely I’m going to bookmark your blog post . You absolutely have incredible articles. Cheers for sharing with us your web page.
I just want to tell you that I am just new to weblog and actually loved you’re web blog. Very likely I’m likely to bookmark your site . You definitely come with fantastic well written articles. Thank you for sharing with us your web page.
I simply want to say I am new to blogs and absolutely enjoyed your page. Very likely I’m want to bookmark your website . You absolutely have fabulous posts. Kudos for revealing your website page.
I simply want to say I am just very new to blogging and site-building and honestly enjoyed your blog. More than likely I’m planning to bookmark your blog . You certainly come with outstanding stories. Thanks a lot for sharing your webpage.
I just want to mention I am just all new to blogging and site-building and actually liked this page. Likely I’m likely to bookmark your site . You absolutely come with great writings. Many thanks for revealing your blog.
I just want to tell you that I am all new to blogging and certainly savored your web site. Probably I’m planning to bookmark your blog post . You certainly come with fantastic stories. With thanks for sharing your website page.
I simply want to tell you that I am just new to blogging and site-building and honestly savored this web page. Most likely I’m planning to bookmark your site . You actually come with incredible posts. Regards for revealing your web site.
I just want to say I am just very new to weblog and definitely loved you’re blog. Almost certainly I’m want to bookmark your website . You definitely come with superb articles and reviews. Many thanks for sharing with us your webpage.
I simply want to tell you that I am just newbie to weblog and really enjoyed your blog site. More than likely I’m planning to bookmark your blog . You definitely come with beneficial stories. Bless you for revealing your blog site.
I just want to tell you that I’m new to weblog and certainly liked you’re web page. Likely I’m planning to bookmark your blog post . You really have awesome stories. Bless you for sharing your webpage.
I simply want to say I am just very new to weblog and actually loved you’re web-site. Very likely I’m want to bookmark your blog post . You absolutely have remarkable articles and reviews. Cheers for revealing your blog site.
Hey! I could have sworn I’ve been to this site before but after reading through some of the post I realized it’s new to me. Nonetheless, I’m definitely delighted I found it and I’ll be bookmarking and checking back frequently!|
Thanks for your posting. I would love to comment that the very first thing you will need to accomplish is to see if you really need fixing credit. To do that you must get your hands on a replica of your credit rating. That should not be difficult, because the government necessitates that you are allowed to acquire one cost-free copy of your credit report each year. You just have to request that from the right folks. You can either read the website with the Federal Trade Commission or even contact one of the major credit agencies directly.
We are looking for designers to feature on our blog. If you are intereted let us know at http://www.tastefullyinspired.com
you are really a just right webmaster. The website loading speed is incredible. It sort of feels that you’re doing any unique trick. In addition, The contents are masterwork. you have done a excellent task in this topic!
Hi there! Would you mind if I share your blog with my zynga group? There’s a lot of people that I think would really enjoy your content. Please let me know. Thanks
I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.
I think other site proprietors should take this web site as an model, very clean and magnificent user genial style and design, let alone the content. You are an expert in this topic!
What’s Going down i am new to this, I stumbled upon this I’ve found It positively useful and it has aided me out loads. I’m hoping to contribute & aid other users like its helped me. Good job.
Well, I really liked your blog, it is in my bookmarks. I think my site you will like it too. http://www.homedecorated.net
9/22/2016 at 18:01:54 Regards from danglekatangul
Good post, do you have any others on this topic?
I really impressed of the info that you’ve have actually shared. I understand you’ve assisted a lot of people with this post.
I really surprised of the info that you’ve have shared. I know you’ve assisted a lot of people with this short article.
I was very encouraged to find this site. I wanted to thank you for this special read. I definitely savored every little bit of it and I have you bookmarked to check out new stuff you post. http://www.homedecorated.net
9/24/2016 I’m gratified by the manner in which business247ng.com deals with this sort of subject matter. Generally on point, sometimes polemic, always well-researched and more often than not quite stimulating.
Brilliant, thanks, I will bookmark you now.
Usually I do not post on blogs, but I would like to say that this article really forced me to do so! Thanks, really nice article.
LIke your site. Do you want to trade links.
I don’t know if it’s just me or if everyone else experiencing problems with your website. It appears as if some of the text within your posts are running off the screen. Can somebody else please provide feedback and let me know if this is happening to them too? This could be a problem with my internet browser because I’ve had this happen previously. Many thanks|
Between me and my husband we’ve owned more MP3 players over the years than I can count, including Sansas, iRivers, iPods (classic & touch), the Ibiza Rhapsody, etc. But, the last few years I’ve settled down to one line of players. Why? Because I was happy to discover how well-designed and fun to use the underappreciated (and widely mocked) Zunes are.
Intuit certified technicians call +1-844-722-6675 for technical assistance. Get support by experts. Call our toll free number today for QuickBooks Support. Supported Keywords:Quickbooks technical support | Quickbooks support | QuickBook technical support | Quickbook support | QuickBooks support contact number | Quickbooks Support Phone Number | Quickbooks Phone Support | Quickbooks Canada 2014 | Quickbooks support toll free number | Quickbooks help line number | support for Quickbooks | Quickbooks tech support | Quickbooks contact | QuickBooks 2008 Support | QuickBooks 2009 Support | QuickBooks 2010 Support | QuickBooks 2011 Support | QuickBooks 2012 Support | QuickBooks 2013 Support |QuickBooks 2014 Support | QuickBooks Technical Support | QuickBooks 2015 Help | QuickBooks 2015 Support |
Apple now has Rhapsody as an app, which is a great start, but it is currently hampered by the inability to store locally on your iPod, and has a dismal 64kbps bit rate. If this changes, then it will somewhat negate this advantage for the Zune, but the 10 songs per month will still be a big plus in Zune Pass’ favor.
9/27/2016 I’m gratified with the way that business247ng.com deals with this sort of issue. Usually on point, often polemic, consistently thoughtful and also challenging.
Hey there! Someone in my Myspace group shared this website with us so I came to give it a look. I’m definitely loving the information. I’m book-marking and will be tweeting this to my followers! Wonderful blog and great design.
If you’re still on the fence: grab your favorite earphones, head down to a Best Buy and ask to plug them into a Zune then an iPod and see which one sounds better to you, and which interface makes you smile more. Then you’ll know which is right for you.
Thanks a ton for sharing your amazing internet site
Raul Gonzalez http://www.xsjkj.wang/comment/html/index.php?page=1&id=63211
Thanks a lot for sharing this good internet site
Antonio Cassano http://www.ledknows.com/comment/html/index.php?page=1&id=59128
Incredibly helpful, look frontward to visiting again
Didier Drogba http://www.honningvin.dk/content/zedd-releases-official-stay-night-music-video-teaser-0
9/28/2016 @ 17:03:11 In my opinion, business247ng.com does a good job of handling subjects of this sort! While ofttimes deliberately polemic, the material posted is more often than not thoughtful and challenging.
I more or less share your take on this subject and look forward to additional posts and comments here at business247ng.com. Thanks!
Aloha, I found your blog on Bing Weblogs and think it is pretty intriguing and delivers fantastic material. Thank you regarding this superb post, I will certainly promote this on Twitter. Have a pleasant day on interior design ideas for home and office
business247ng.com does it yet again! Very informative site and a thought-provoking article. Nice work!
I admire the beneficial information and facts you provide in your posts. I will bookmark your blog and have my children examine up right here often. From: home interior decoration design ideas
Love the site– very user-friendly and lots to explore!
In my opinion, business247ng.com does a excellent job of handling issues like this. While sometimes deliberately contentious, the information is more often than not thoughtful and challenging.
10/2/2016 business247ng.com does it yet again! Quite a interesting site and a thought-provoking post. Keep up the good work!
Hiya! You some kind of professional website hosting? Great message. Are you able to tell me learn how to subscribe your blog?
Howdy! I could have sworn I’ve been to your blog before but after looking at many of the articles I realized it’s new to me. Anyhow, I’m definitely pleased I came across it and I’ll be book-marking it and checking back regularly!|
Remark je peux faire mon short article copyright marqué? Qui est autorisé l’agence put les articles du droit d’auteur?
Hey, thanks for sharing I always look forward to reading your posts one of the few blogs I still follow home decorated
Just click the name that I have actually been making use of to comment to your blog. Thanks.
Quickbooks Phone Number)))) 1-844-722-6675 ((((Quickbooks Tech Support phone number @@Call, 1-844-722-6675 for all type help by Quickbooks tech support phone number, 1-844-722-6675 Intuit Quickbooks Tech Support Phone Number, 1-844-722-6675 Quickbooks Help Desk Phone Number, 1-844-722-6675 Quickbooks tech support number, Quickbooks technical support phone number,@@ 1-844-722-6675 @ Quickbooks phone number, 1-844-722-6675 Quickbooks technical support number, 1-844-722-6675 Quickbooks support phone number, 1-844-722-6675 Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number,@@@@ Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number, @@@@@ Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number-Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number. Call, Quickbooks tech support phone number, Intuit Quickbooks Tech Support Phone Number, Quickbooks Help Desk Phone Number, Quickbooks tech support number, Quickbooks technical support phone number, Quickbooks phone number, Quickbooks technical support number, Quickbooks support phone number. It is very popular toll free number which provide by Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number. Call, Quickbooks tech support phone number, Intuit Quickbooks Tech Support Phone Number, Quickbooks Help Desk Phone Number, Quickbooks tech support number, Quickbooks technical support phone number, Quickbooks phone number, Quickbooks technical support number, Quickbooks support phone number, Quickbooks technical support, Quickbooks Customer Service Phone Number, Quickbooks Customer Service Number, Quickbooks Customer Support Phone Number, Quickbooks Customer Support Number, Quickbooks Customer Service Helpline Number, Quickbooks Customer Care Number, Quickbooks support team phone number, Quickbooks help number-Quickbooks Helpline Number; Quickbooks help phone number, Quickbooks Helpline Number, Quickbooks Tech Support Toll free Number, Quickbooks Support Telephone Number, Quickbooks Tech Support Telephone number, Quickbooks Tech Support contact number, Quickbooks support contact number, Quickbooks technical support contact number, Quickbooks pro support phone number, Quickbooks payroll support phone number. Quickbooks payroll customer support phone number Quickbooks Support Helpline Number, Quickbooks contact number Quickbooks tech support phone number Quickbooks support team phone number Quickbooks contact number 1-844-722-6675 Quickbooks technical help telephone number, Quickbooks technical help contact number, Quickbooks technical support contact number, Quickbooks contact number, Quickbooks contact phone number, Quickbooks contact telephone number, Quickbooks 24 hour contact number, Quickbooks customer support contact number, Quickbooks customer service contact number, Quickbooks official number, Quickbooks official contact number, Quickbooks 800 contact number, Quickbooks toll free number, 800 number for Quickbooks support, Quickbooks 24/7 support phone number Quickbooks PRO support phone number,Quickbooks PRO support phone number,Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number, Quickbooks PRO support phone number. Help@Call 1-844-722-6675/.Quickbooks 24/7 support phone number,Quickbooks telephone number for support? call 1-844-722-6675@./Quickbooks contact number, Quickbooks contact phone number, Quickbooks contact telephone numbertelephone number for Quickbooks online support,Quickbooks official support number,Quickbooks official number,Quickbooks payroll official phone number,phone number for Quickbooks payroll supportQuickbooks 24/7 support phone numberQuickbooks support number,Quickbooks telephone number for support ……………… Quickbooks PRO phone number,(1-844-722-6675)// Quickbooks PRO customer care number….. Quickbooks PRO Toll Free, Intuit@(1-844-722-6675)@-: Quickbooks PRO Technical Support Number, Quickbooks PRO help desk phone number provides online solution for all USA/CANADA clients. For any help of query call 1 800 860 9230 to get all Quickbooks PRO account solution. For any help of query call 1 800 860 9230 to get all Quickbooks PRO account solution. @@Call, 1-844-722-6675 for all type help by Quickbooks PRO support telephone number,Quickbooks PRO support phone number,Quickbooks PRO support phone number,Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number, Quickbooks PRO support phone number Quickbooks PRO help number-Quickbooks PRO Helpline Number; Quickbooks PRO help phone number-Quickbooks PRO Helpline Number, Quickbooks PRO Tech Support Toll free Number, Quickbooks PRO Support Telephone Number, Quickbooks PRO Tech Support Telephone number, Quickbooks PRO Tech Support contact number, Quickbooks PRO support contact number, Quickbooks PRO technical support contact number, Quickbooks PRO help desk phone number. Call, @(1-844-722-6675)@-: It is very popular toll free number which provide by Quickbooks PRO technical support, Quickbooks PRO Customer Service Phone Number, Quickbooks PRO Customer Service Number, Quickbooks PRO Customer Support Phone Number, Quickbooks PRO Customer Support Number, Quickbooks PRO Customer Service Helpline Number, Quickbooks PRO Customer Care Number, Quickbooks PRO support team phone number. Call,@(1-844-722-6675)@-: Quickbooks PRO help number-Quickbooks PRO Helpline Number; Quickbooks PRO help phone number, Quickbooks PRO Helpline Number, Quickbooks PRO Tech Support Toll free Number, Quickbooks PRO Support Telephone Number, Quickbooks PRO Tech Support Telephone number, Quickbooks PRO Tech Support contact number, Quickbooks PRO support contact number, Quickbooks PRO technical support contact number, Quickbooks PRO pro support phone number, Quickbooks PRO payroll support phone number. Quickbooks PRO payroll customer support phone number for all type help by Quickbooks PRO support telephone number, Quickbooks PRO help phone number, Quickbooks PRO technical support number.Quickbooks PRO support number, Quickbooks PRO phone number, Quickbooks PRO tech support number, Quickbooks PRO customer support number, Quickbooks PRO customer support phone number, Quickbooks PRO customer service phone number, Quickbooks PRO payroll customer service phone number
10/5/2016 business247ng.com does it yet again! Very thoughtful site and a good post. Nice work!
fantastic put up, very informative. I ponder why the other experts of this sector do not understand this. You should continue your writing. I’m confident, you’ve a huge readers’ base already!
You completed certain good points there. I did a search on the topic and found most folks will agree with your blog.
Please let me know if you’re looking for a writer for your weblog. You have some really good posts and I believe I would be a good asset. If you ever want to take some of the load off, I’d love to write some content for your blog in exchange for a link back to mine. Please blast me an e-mail if interested. Cheers!
10/9/2016 I’m gratified by the manner in which business247ng.com handles this kind of issue! Generally on point, sometimes contentious, without fail well-researched as well as challenging.
Never Ever give up: Even though you fail initially; Dont manage to get a great deal of views at first, do your self a favour, do not give up.
I haven’t checked in here for a while because I thought it was getting boring, but the last few posts are great quality so I guess I will add you back to my everyday bloglist. You deserve it my friend 🙂
Thanks for this!
I’m pleased by the manner in which business247ng.com handles this kind of subject matter! Usually to the point, often contentious, consistently well-written and more often than not quite challenging.
Finally someone that knows what they’re talking about.
It’s perfect time to make some plans for the future and it’s time to be happy. I have read this post and if I could I want to suggest you few interesting things or suggestions. Maybe you can write next articles referring to this article. I wish to read more things about it!
Howdy! This is my first visit to your blog! We are a collection of volunteers and starting a new project in a community in the same niche. Your blog provided us beneficial information to work on. You have done a outstanding job!
I’m gratified with the way that business247ng.com handles this type of subject. Usually to the point, sometimes polemic, consistently thoughtful as well as thought-provoking.
I would like to thnkx for the efforts you’ve put in writing this website. I’m hoping the same high-grade web site post from you in the upcoming also. Actually your creative writing abilities has encouraged me to get my own website now. Really the blogging is spreading its wings rapidly. Your write up is a great example of it.
2. Hope to see more of your work soon.
Hey! I’m at work surfing around your blog from my new apple iphone! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the superb work!
Any other information on this?
I completely agree with your opinion on this subject and look forward to new posts and comments here at business247ng.com. Thanks!
Great information, thanks very much!
download film terbaru sub indo has diamond like clarity and also in order for this to be striking you must use both that and.
In my view, business247ng.com does a good job of handling subject matter of this sort! While ofttimes deliberately controversial, the information is more often than not well-written and thought-provoking.
Pingback: Google
Pingback: Google