{"id":5150,"date":"2021-07-29T15:17:08","date_gmt":"2021-07-29T15:17:08","guid":{"rendered":"https:\/\/carlcon.com\/?p=5150"},"modified":"2021-07-29T15:17:10","modified_gmt":"2021-07-29T15:17:10","slug":"value-of-naira-nose-dives-as-cbn-withdraws-allocation-to-bdc","status":"publish","type":"post","link":"https:\/\/carlcon.com\/old\/2021\/07\/29\/value-of-naira-nose-dives-as-cbn-withdraws-allocation-to-bdc\/","title":{"rendered":"Value of Naira nose-dives as CBN withdraws allocation to BDC"},"content":{"rendered":"\n<p>Following the stoppage of dollar allocation to Bureau De Change (BDC),&nbsp;&nbsp;the naira&nbsp;&nbsp;lost N17 to close at N522\/$1 at the parallel market.<\/p>\n\n\n\n<p>The almost 5,300 licensed Bureaux De Change (BDCs) have lost their weekly allocation from the Central Bank of Nigeria (CBN).<\/p>\n\n\n\n<p>The local currency, which exchanges at N410.16\/$1 at the official market, had closed Tuesday at N505\/$1 on the parallel market.<\/p>\n\n\n\n<p>A BDC trader in Ogba, Lagos, Hassan Ibrahim, said the rate depreciated from N505\/$1 in the morning to N515\/$1 in the at midday before closing at N522\/$1 selling rate.<\/p>\n\n\n\n<p>He said the BDCs buying rate closed at N515\/$1 from N500\/$1 traded on Tuesday.<\/p>\n\n\n\n<p><a href=\"https:\/\/thefreezonechannel.com\/value-of-naira-nose-dives-as-cbn-withdraws-allocation-to-bdc\/\">TO CONTINUE READING CLICK HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following the stoppage of dollar allocation to Bureau De Change (BDC),&nbsp;&nbsp;the naira&nbsp;&nbsp;lost N17 to close at N522\/$1 at the parallel market. The almost 5,300 licensed Bureaux De Change (BDCs) have lost their weekly allocation from the Central Bank of Nigeria (CBN). The local currency, which exchanges at N410.16\/$1 at the official market, had closed Tuesday<\/p>\n","protected":false},"author":1,"featured_media":5151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[117],"tags":[],"_links":{"self":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/5150"}],"collection":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/comments?post=5150"}],"version-history":[{"count":1,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/5150\/revisions"}],"predecessor-version":[{"id":5152,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/posts\/5150\/revisions\/5152"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/media\/5151"}],"wp:attachment":[{"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/media?parent=5150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/categories?post=5150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carlcon.com\/old\/wp-json\/wp\/v2\/tags?post=5150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}