By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Naira Strengthens to N468 Per Dollar
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved

Naira Strengthens to N468 Per Dollar

Farouk Mohammed
By Farouk Mohammed
Published: October 11, 2016
Share
1 Min Read
SHARE

Naira-Dollar-1-1-1-1-1-1-2-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-1-2-1-1-1-1-1-1-1-2-3-1-1-1-1-1-1-1-1-1-1

The Naira on Tuesday continued to gain strength against the dollar at the parallel market, first consecutive gains in over two months.

At the official inter-bank market, the Naira remain steady at N304.75 from N306.71 posted on Friday.

It firmed against the dollar and British pound at the parallel market as it closed at N468, N570 and depreciated against the Euro to N517 as against closing rates on Monday of N470, N580 and N510 respectively.

- Advertisement -

Traders believed that the resumption of the sale of Diaspora remittances to Bureau De Change (BDCs) by Travelex, responsible for the currency depreciation.

Aminu Gwadabe had said that the regulatory authority had to review the official selling price of dollars to BDCs to encourage Nigerians in Diaspora, whose remittances was being sold to BDCs.

Mr. Gwadabe, who is the President, Association of Bureau De Change Operators of Nigeria, said that the move was to discourage speculators.

He said the sustained appreciation of the nation’s currency would discourage the patronage of parallel market traders.

- Advertisement -

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:DollarExchange RateNairaPounds
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article NYSC Announces Date For 2016 Batch B Orientation Course
Next Article My Government Already Fulfilled Six-Point Agenda – Fayose

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Last updated: 14 hours ago (June 28, 2025 10:51 am)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

FG to Plant 20 Billion Trees Next Rainy Season in National Reforestation Drive, Says VP Shettima
International News
Federal Government to Overhaul Civil Servants’ Healthcare Policy Amid Rising Concerns
News Top stories
Paul Pogba Joins AS Monaco on Free Transfer After Doping Ban
Sport
Aminu Alhassan Dantata
Dantata Family Confirms Burial Plans for Late Aminu Dantata
News
Goodluck Jonathan
Jonathan: “Every Day I Was Hearing About a Coup” During Yar’Adua Era
News
- Advertisement -
Ad imageAd image

You May Also Like

Frank Edoho
Celebrities

‘Maybe I’m Not Good at Marriage’ – Frank Edoho Opens Up About Second Divorce

Damilola A.
Damilola A.
June 28, 2025
Kayode Peters
News

Nigerian Filmmaker Kayode Peters ‘KP’ Dies After Prolonged Illness

Muhammad A. Aliyu
Muhammad A. Aliyu
June 28, 2025
Sport

Rivers Angels Clinch Historic 10th President Federation Cup Title in Dramatic Fashion

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 28, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?