Dollar to naira exchange rate favours naira: see Google’s opinion
Naira shut N358 to the dollar at the parallel market on Friday, dollar to naira exchange rate underneath the standard N360/$1 as the election activities sets in.
Dollar to naira exchange rate wows Nigeria
As per the News Agency of Nigeria (NAN), the Naira shut at N470 and N408 against the Pound and Euro respectively at the parallel market.
On the official market, it shut level at N306.80 per dollar.
At the Investors’ and Exporters’ FX Window (I&E FX), the cash shut at N361.49 to the dollar from N361.71 it exchanged on Thursday.
Google error on Naira to Dollar rate causes panic among Nigerians
blunder on Google is drumming up a buzz among Nigerians on Twitter.
A Google seek demonstrates the Nigerian Naira is exchanging at N184 for every US dollar, almost twice as solid as its present estimation of N362.
Be that as it may, a speedy take a gander at the graph demonstrates the money at the right esteem, dollar to naira exchange around N360 to the dollar.
Google has discharged an announcement to dispel any confusion air. The company tweeted, “We’re mindful of an issue causing wrong information for US dollar to Naira exchange rate, so we will expel the change box from showing up in query items until we can analyze the issue.”
Nigeria central bank works towards improving naira to dollar exchange.
On Tuesday, Nigeria’s central bank pumped $210 million into the inter bank exchange market, as a proof of its assurance to help supply in that part of the market, CBN representative said the CBN was satisfied with the soundness of the forex market and it will keep on interceding so as to guarantee the liquidity in the market.
According to him, having practically accomplished the target of rates intermingling, the bank was focused on supporting the increases recorded in the outside trade advertise.