Glamtush
No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
No Result
View All Result
Glamtush
No Result
View All Result
Home Business & Brands

Naira Drops To N2,000/1£ At Parallel Market

byGLAMTUSH
February 19, 2024
in Business & Brands
Reading Time: 1 min read
Naira
Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

Naira has dropped to N2,000/1£ at the parallel market.

 

READ ALSO

Access Bank Tanzania Honours  President Samia Suluhu Hassan For Exceptional Leadership

2025 Maracana Children’s Fest: Polaris Bank Empowers, Impact Over 3000 Youths In Ajegunle Community And Environs

Glamtush reports that amid the current hardship ravaging the country, Nigeria’s local currency is currently exchanging above 2,000 naira against the Great Britain Pound at the parallel market.

 

A Bureau de Change operator at Wuse Zone 4, Malam Ibrahim, confirmed the rates on Monday.

He said, Yes it is true, we are currently selling above N2,000 for the pounds and it is still about the heavy and consistent demand for these currencies.”

According to reports, the new rate increased from N1,930 recorded on Saturday and is currently the lowest point in the historical performance of the naira.

Similarly, the naira depreciated against the dollar in the parallel forex market, where forex is unofficially trading at N1,673 from N1,670/$ on Friday.

These developments persist despite the Central Bank of Nigeria’s implementation of several policies aimed at bolstering the supply of foreign exchange.

One of the recent policies was the CBN’s announcement of halting international oil companies operating in Nigeria from immediately remitting 100 per cent of their forex proceeds to their parent companies abroad.

 

Related Posts

President Samia Suluhu Hassan
Business & Brands

Access Bank Tanzania Honours  President Samia Suluhu Hassan For Exceptional Leadership

July 22, 2025
Polaris Bank
Business & Brands

2025 Maracana Children’s Fest: Polaris Bank Empowers, Impact Over 3000 Youths In Ajegunle Community And Environs

July 22, 2025
ExxonMobil
Business & Brands

ExxonMobil Nigeria Appoints Jagir Baxi As Chairman/Managing Director

July 21, 2025
Fidelity Bank To Empower 100 SMEs
Business & Brands

Fidelity Bank To Empower 100 SMEs Across Nigeria With Digital Tools

July 21, 2025
Staff Promotion
Business & Brands

Union Bank Marks Decade-High Staff Promotion Rate For Outstanding Performance

July 21, 2025
Polaris Bank
Business & Brands

Polaris Bank Empowers Over 500 Journalists On Modern Trends In Journalism

July 20, 2025
Next Post
Peter Obi

We Have No Plan To Suspend Peter Obi - Labour Party

LATEST COVER

Priscilla Ojo

GPBN Associates Member

Fidelity Bank

Zenith Bank

Super Falcons

WAFCON: Remi Tinubu Hails Super Falcons Over South Africa Win

July 23, 2025
PDP

Four PDP Senators Defect To APC, Boosting Majority To 72

July 23, 2025
WAFCON 2024

WAFCON 2024: Super Falcons To Play Morocco In Saturday’s Final

July 23, 2025
Saras & Kumud Teasers August 2025

Star Life: Saras & Kumud Teasers August 2025

July 23, 2025
Obi-and-Datti

2027: Obi Free To Contest As LP’s Presidential Candidate With Or Without Me – Datti Baba-Ahmed

July 23, 2025
Maduka Okoye

Super Eagles Goalkeeper Maduka Okoye Banned Over Betting Scandal

July 23, 2025
WAFCON

WAFCON: ‘You Made Us Proud,’ Tinubu Praises Super Falcons

July 23, 2025
Anupama Teasers August 2025

Star Life: Anupama Teasers August 2025

July 23, 2025
Ozzy Osbourne

Ozzy Osbourne, Legendary Black Sabbath Frontman, Dies At 76

July 23, 2025
Sunday Igboho

Sunday Igboho Appeals To FG: Remove My Name From Wanted List

July 22, 2025

GLAMTUSH

 

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us

REACH OUT

Do you have any news for us? Event Coverage, Press Releases or Adverts? Then reach out to us via glamtush@gmail.com or glamtush15@gmail.com

OFFICE ADDRESS

Lagos, Nigeria

Copyright © 2022 Glamtush

  • About Us
  • Advertise
  • Contact Us
  • Disclaimer
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events

© 2022 Glamtush