P
ProfRem
Guest
The Nigerian Naira on Thursday remain steady against the United States Dollar at both parallel and inter bank markets as shortage of dollar persists.
The currency remained steady at the Interbank market to close at N304.75 and N470 at the parallel market as its posted on Wednesday.
It also closed flat against Euro and Pound at N510, N565 respectively and Forex traders continued to lament over insufficient forex their recieved from Travelex.
Meanwhile, the Central Bank of Nigeria (CBN) has released $300 million out of the $600 million airlines fund stuck in the country.
The Minister of State (Aviation) Hadi Sirika, stated this after the Federal Executive Council (FEC) meeting in Abuja that the released fund will cushion the effect of the cash squeeze affecting foreign airlines flying into Nigeria.
Recommended: CBN Releases $300 Million To Foreign Airlines
The currency remained steady at the Interbank market to close at N304.75 and N470 at the parallel market as its posted on Wednesday.
It also closed flat against Euro and Pound at N510, N565 respectively and Forex traders continued to lament over insufficient forex their recieved from Travelex.
Meanwhile, the Central Bank of Nigeria (CBN) has released $300 million out of the $600 million airlines fund stuck in the country.
The Minister of State (Aviation) Hadi Sirika, stated this after the Federal Executive Council (FEC) meeting in Abuja that the released fund will cushion the effect of the cash squeeze affecting foreign airlines flying into Nigeria.
Recommended: CBN Releases $300 Million To Foreign Airlines