Naira FOREX Rates April 7th 2016 – Parallel Market

NAIRA (N)

USD ($)

EURO (€)

GBP (£)

BUY/SELL

BUY/SELL

BUY/SELL

7/4/2016

318/322

355/360

445/450

6/4/2016

318/322

355/360

445/450

5/4/2016

318/321

355/358

445/452

4/4/2016

318/320

355/358

445/455

1/4/2016

318/321

355/358

445/455

CBN Naira FOREX Rates April 7th 2016

NAIRA (N)

USD ($)

EURO (€)

GBP (£)

CBN

CBN

CBN

7/4/2016

199

227

281

6/4/2016

199

226

281

5/4/2016

199

226

283

4/4/2016

199

226

283

1/4/2016

199

226

286

GTB, Zenith Bank Pay N110bn in Naira Rain to Shareholders – THISDAY

Goddy Egene
As Nigerians continue to bear the brunt of the economic downturn and the debilitating cash squeeze in the country, the shareholders of two of Nigeria’s largest banks – Guaranty Trust Bank (GTBank) and Zenith Bank Plc – were able to smile yesterday when both banks held their respective annual general meetings (AGMs) on Tuesday and wednesday, and got approval to pay a whopping N110 billion to them.
The N52.33 billion approved by GTBank’s shareholders and another N57.6 billion approved by the shareholders of Zenith Bank would go a long way in releasing cash to millions of shareholders of both banks at a time most Nigerians are broke and reeling from the cash squeeze in the economy.