Naira fall in all market segment

The Naira on Monday suffered a severe
defeat against the dollar in all the major
segments of the market.
At the interbank segment of the market,
the naira lost 53 kobo to close at N308.32,
from N307.79 posted on Friday.
Trading at the Bureau De Change showed
that the naira lost 5 points to exchange at
N445 against the dollar, while it traded for
N565 and N480 against the Pound Sterling
and the Euro respectively.
The naira also closed at N445, N559 and
N484 to the dollar, Pound Sterling and the
Euro at the parallel market.
Traders at the market fingered acute forex
shortage of the greenback to the poor
performance of the naira at the market.
President, Association of Bureau De
Change Operators of Nigeria , Alhaji Aminu
Gwadabe, assured that the BDCs were set
to key into Travelex platform for forex
sales.
Gwadabe said that bio-metric registration
of BDCs and subsequent funding was
ongoing, a move he said would lead the
naira to the path of recovery.by chibabynaija2