Naira Records Loss Against Dollar…See Latest Exchange Rate

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naira suffered loss against dollar at parallel Thursday, December 17 close at N478/$1.

This represents a N2 drop when compared N476/$1 it exchanged for Wednesday, December 16.

However, forex turnover rose by 9.6%, as Naira’s at the NAFEX window appreciated against the dollar close at N394/$1 during intra-day trading Thursday, December 17.

This follows Central guideline barring mobile money operators and service providers from accepting diaspora remittances.

However, some operators continue to pay remittances in Naira contrary to CBN’s directive it be paid cash in dollars or into the recipient’s domiciliary account.

’s exchange received a boost with the approval the $1.5 loan request by the .