These are the opening trading exchange rates of the dollar, pound, euro in the Lagos Black Market today January 10, 2017.
Dollar Exchange Rate to Nigeria Naira Exchange Rate in the black market: 485/ 490
Euro Exchange Rate to Nigeria Naira Exchange Rate in black market today: 500/ 510
Pound Sterling Exchange Rate to Nigeria Naira Exchange Rate in black market: 590/ 600
The Nigeria’s naira is seen strengthening in the near term.
Analysts at Cowry Assets, a Lagos based investment firm, predict stability of the Naira this week, following steady rise in the nation’s foreign reserves.
According to the CBN the foreign reserve rose further by $373 million to $26.22 billion on Wednesday January 5th, from $25.84 billion on Thursday December 30, 2016.
“This current week, we expect stability of the Naira exchange rate as the increasing reserve spur confidence on the ability of the Central Bank of Nigeria (CBN) to intervene more aggressively in the official market window”, said Cowry Asset analysts.
We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.
Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at firstname.lastname@example.org
Follow us on twitter @newsbeatportal
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535
Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.