Naira fit grow next week


Tori wey dey for air now be sey naira fit grow next week, as e be sey international money transfer agencies don start to dey sell Dollar give Bureau De Change pipo, as Central Bank of Nigeria sey mek dem do.

“We have started receiving dollar supply from Travelex and we expect this to gradually impact positively on the naira exchange rate going forward,” the President, Association of Bureau De Change Operators of Nigeria, Aminu Gwadabe, tell Reuters.


For black market, Naira na 470 to 1 dollar for Friday. Bank rate na  305.5 per dollar.


Other country like Zambia, Kenya and Tanzania get wetin dem yarn about their own moni and dollar. See as dem tok am for english.


“The Kwacha is expected to continue trading with a bullish tone against the dollar on the back of strong corporate and interbank inflows. Trading range is expected to be between K9.800 and K9.850 in the near term,” Zambia National Commercial Bank tok.


One trader for Kenya sey “The Kenyan shilling is expected to remain stable in the coming week, although dollar sales from multi-national companies buying shillings to pay tax obligations could offer a boost.”


“I do not see any significant movement in the market over the coming week. The shilling is anticipated to trade in the same levels going forward,” na so Francis William, a dealer at Commercial Bank of Africa Tanzania, tok.

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