House of Representatives oppose concession of Ajaokuta Steel Plant

Published

3 years ago

February 14, 2018

The Federal Government’s plan to concession the Ajaokuta Steel Plant may be slightly delayed as the National Assembly has expressed opposition to the move. Speaker of the House of Representatives, Yakubu Dogara disclosed this while speaking at an oversight visit paid to the plant.

“Anyone who tries to re-introduce concessioning as a way forward will definitely have a problem with us at the house”

Dogara also stated that the lower house would seek avenues to raise about $500 million to complete the project.

The plant has been the subject of a long tussle between the current administration and Global Steel holdings who won a concession bid midwifed by the Obasanjo administration. Global Steel, was however accused of cannibalizing the plant and the agreement was canceled. Global Steel took the government to court, but the matter was then resolved by arbitration.

As part of the terms, Ajaokuta will revert to the Federal Government while National Iron Ore Mining Company (NIOMCO) Itakpe, will remain under control of Global Steel. NIOMCO was part of the original concession agreement.

Reasons government should let go of Ajaokuta

Though the Reps motives are purely patriotic, government spending any more funds on the plant are futile. Billions of Naira have been spent with nothing to show for it. In this age and time, the government should move away from direct running of such firms to creating an enabling environment.

Minister of Steel and Mines development Kayode Fayemi, had in an interview last year stated the government’s inability to complete the plant, after an estimated $5 billion had been spent by previous administrations.

Truth be told, the Ajaokuta Steel plant has become outdated in many aspects, and even a new investor would be better off rebuilding parts of the plant, than running it in its present form. The railway line running from Ajaokuta to Itakpe and Warri is also incomplete.

Related Topics:Ajaokuta steel company limited News Review

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via [email protected]

1 Comment

dumson23

February 14, 2018 at 2:04 pm

what value is the agaokuta steel coy that the federal government still invest public fund to the coy. why is the government adamant on having a business asset of what use and value.

Reply

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Currencies

Daily Parallel Market Exchange Rate – ₦495/$1

The US dollar stands at ₦495/US$1 in the parallel market.

Published

1 hour ago

November 30, 2020

Adeyemi Adebayo

Forex, NIGERIA: Daily Parallel Market, Exchange Rate

The exchange rate between the naira and the US dollar for today (Monday, November 30th 2020), stands at ₦495/US$1 in the parallel market. The rate had closed at ₦490/US$1 on Friday, November 27th 2020.

Naira: ₦495
Dollar: $1
Date: November 30th, 2020

The exchange rate between the naira and the British pound sterling stands at ₦635/₤1 on Monday, November 30th 2020. The rate had closed at ₦620/₤1 on Friday, November 27th 2020.

Naira: ₦635
Pounds Sterling: ₤1
Date: November 30th, 2020

Explore Economic Research Data From Nairametrics on Nairalytics

The exchange rate between the naira and the European euro stands at ₦570/€1 on Monday November 30th 2020. The rate had also closed at ₦570/€1 on Friday, November 27th 2020.

Naira: ₦570
Euro: €1
Date: November 30th, 2020

Activity: US Dollar stands at ₦495/US$1 in the parallel market

Date	Currency	Buy(AM)	Sell(AM)	Buy(PM)	Sell(PM)	Volatility
11/30/2020	Dollar	485	495
11/30/2020	Pounds	630	635
11/30/2020	Euro	565	570
11/27/2020	Dollar	485	490	485	490	Low
11/27/2020	Pounds	615	620	615	620	Low
11/27/2020	Euro	565	570	565	570	Low
11/26/2020	Dollar	475	480	475	480	Low
11/26/2020	Pounds	600	605	600	605	Low
11/26/2020	Euro	555	560	555	560	Low
11/25/2020	Dollar	475	480	475	480	Low
11/25/2020	Pounds	600	605	600	605	Low
11/25/2020	Euro	555	560	555	560	Low
11/24/2020	Dollar	475	480	475	480	Low
11/24/2020	Pounds	600	605	600	605	Low
11/24/2020	Euro	555	560	555	560	Low
11/23/2020	Dollar	475	480	475	480	Low
11/23/2020	Pounds	600	605	600	605	Low
11/23/2020	Euro	555	560	555	560	Low
11/20/2020	Dollar	465	470	465	470	Low
11/20/2020	Pounds	600	605	600	605	Low
11/20/2020	Euro	555	560	555	560	Low
11/19/2020	Dollar	465	470	465	470	Low
11/19/2020	Pounds	600	605	600	605	Low
11/19/2020	Euro	555	560	555	560	Low
11/18/2020	Dollar	465	470	465	470	Low
11/18/2020	Pounds	600	605	600	605	Low
11/18/2020	Euro	555	560	555	560	Low
11/17/2020	Dollar	465	470	465	470	Low
11/17/2020	Pounds	600	605	600	605	Low
11/17/2020	Euro	555	560	555	560	Low
11/16/2020	Dollar	455	460	455	460	Low
11/16/2020	Pounds	585	590	585	590	Low
11/16/2020	Euro	535	540	535	540	Low
11/13/2020	Dollar	455	460	455	460	Low
11/13/2020	Pounds	585	590	585	590	Low
11/13/2020	Euro	535	540	535	540	Low
11/12/2020	Dollar	455	460	455	460	Low
11/12/2020	Pounds	585	590	585	590	Low
11/12/2020	Euro	535	540	535	540	Low
11/11/2020	Dollar	455	460	455	460	Low
11/11/2020	Pounds	585	590	585	590	Low
11/11/2020	Euro	535	540	535	540	Low
11/10/2020	Dollar	457	462	457	462	Low
11/10/2020	Pounds	583	587	583	587	Low
11/10/2020	Euro	535	540	535	540	Low
11/09/2020	Dollar	457	462	457	462	Low
11/09/2020	Pounds	585	590	585	590	Low
11/09/2020	Euro	535	540	535	540	Low
11/06/2020	Dollar	457	462	457	462	Low
11/06/2020	Pounds	585	590	585	590	Low
11/06/2020	Euro	535	540	535	540	Low
11/05/2020	Dollar	457	462	457	462	Low
11/05/2020	Pounds	585	590	585	590	Low
11/05/2020	Euro	535	540	535	540	Low
11/04/2020	Dollar	457	462	457	462	Low
11/04/2020	Pounds	585	590	585	590	Low
11/04/2020	Euro	535	540	535	540	Low
11/03/2020	Dollar	457	462	457	462	Low
11/03/2020	Pounds	585	590	585	590	Low
11/03/2020	Euro	535	540	535	540	Low
11/02/2020	Dollar	457	460	457	460	Low
11/02/2020	Pounds	585	590	585	590	Low
11/02/2020	Euro	530	535	530	535	Low
10/30/2020	Dollar	457	460	457	460	Low
10/30/2020	Pounds	585	590	585	590	Low
10/30/2020	Euro	530	535	530	535	Low
10/29/2020	Dollar	457	460	457	460	Low
10/29/2020	Pounds	585	590	585	590	Low
10/29/2020	Euro	530	535	530	535	Low
10/28/2020	Dollar	457	460	457	460	Low
10/28/2020	Pounds	585	590	585	590	Low
10/28/2020	Euro	530	535	530	535	Low
10/27/2020	Dollar	457	461	457	461	Low
10/27/2020	Pounds	585	590	585	590	Low
10/27/2020	Euro	535	540	535	540	Low
10/26/2020	Dollar	457	461	457	461	Low
10/26/2020	Pounds	585	590	585	590	Low
10/26/2020	Euro	535	540	535	540	Low
10/23/2020	Dollar	457	461	457	461	Low
10/23/2020	Pounds	585	590	585	590	Low
10/23/2020	Euro	535	540	535	540	Low
10/22/2020	Dollar	457	461	457	461	Low
10/22/2020	Pounds	585	590	585	590	Low
10/22/2020	Euro	535	540	535	540	Low
10/21/2020	Dollar	456	460	456	460	Low
10/21/2020	Pounds	582	593	582	593	Low
10/21/2020	Euro	535	540	535	540	Low
10/20/2020	Dollar	456	460	456	460	Low
10/20/2020	Pounds	582	593	582	593	Low
10/20/2020	Euro	535	540	535	540	Low
10/19/2020	Dollar	455	460	455	460	Low
10/19/2020	Pounds	583	592	583	592	Low
10/19/2020	Euro	530	535	530	535	Low
10/16/2020	Dollar	455	460	455	460	Low
10/16/2020	Pounds	583	592	583	592	Low
10/16/2020	Euro	530	535	530	535	Low
10/15/2020	Dollar	455	460	455	460	Low
10/15/2020	Pounds	583	592	583	592	Low
10/15/2020	Euro	530	535	530	535	Low
10/14/2020	Dollar	455	460	455	460	Low
10/14/2020	Pounds	585	590	585	590	Low
10/14/2020	Euro	530	535	530	535	Low
10/13/2020	Dollar	453	458	455	460	Low
10/13/2020	Pounds	585	590	585	590	Low
10/13/2020	Euro	530	535	530	535	Low
10/12/2020	Dollar	452	458	452	458	Low
10/12/2020	Pounds	580	585	580	585	Low
10/12/2020	Euro	530	535	530	535	Low
10/09/2020	Dollar	452	457	452	457	Low
10/09/2020	Pounds	585	590	585	590	Low
10/09/2020	Euro	535	540	535	540	Low
10/08/2020	Dollar	452	457	452	457	Low
10/08/2020	Pounds	585	590	585	590	Low
10/08/2020	Euro	535	540	535	540	Low
10/07/2020	Dollar	452	457	452	457	Low
10/07/2020	Pounds	585	590	585	590	Low
10/07/2020	Euro	535	540	535	540	Low
10/06/2020	Dollar	452	457	452	457	Low
10/06/2020	Pounds	580	585	580	585	Low
10/06/2020	Euro	535	540	535	540	Low
10/05/2020	Dollar	452	455	452	455	Low
10/05/2020	Pounds	570	580	570	580	Low
10/05/2020	Euro	540	545	540	545	Low
10/02/2020	Dollar	460	465	460	465	Low
10/02/2020	Pounds	575	585	575	585	Low
10/02/2020	Euro	530	540	530	540	Low
10/01/2020	Dollar	460	465	460	465	Low
10/01/2020	Pounds	575	585	575	585	Low
10/01/2020	Euro	530	540	530	540	Low
9/30/2020	Dollar	460	465	460	465	Low
9/30/2020	Pounds	570	580	570	580	Low
9/30/2020	Euro	530	535	530	535	Low
9/29/2020	Dollar	460	465	460	465	Low
9/29/2020	Pounds	565	575	570	580	Low
9/29/2020	Euro	530	535	530	535	Low
9/28/2020	Dollar	460	465	460	465	Low
9/28/2020	Pounds	565	570	565	570	Low
9/28/2020	Euro	530	535	530	535	Low
9/25/2020	Dollar	460	465	460	465	Low
9/25/2020	Pounds	565	575	565	575	Low
9/25/2020	Euro	535	540	535	540	Low
9/24/2020	Dollar	460	465	460	465	Low
9/24/2020	Pounds	565	570	565	570	Low
9/24/2020	Euro	535	540	535	540	Low
9/23/2020	Dollar	455	460	455	460	Low
9/23/2020	Pounds	580	585	580	585	Low
9/23/2020	Euro	535	540	535	540	Low
9/22/2020	Dollar	455	460	455	460	Low
9/22/2020	Pounds	575	585	575	580	Low
9/22/2020	Euro	530	535	530	535	Low
9/21/2020	Dollar	453	455	450	455	Low
9/21/2020	Pounds	565	570	565	570	Low
9/21/2020	Euro	525	530	525	530	Low
9/18/2020	Dollar	450	460	450	460	Low
9/18/2020	Pounds	575	595	575	595	Low
9/18/2020	Euro	535	540	535	540	Low
9/17/2020	Dollar	455	460	455	460	Low
9/17/2020	Pounds	570	580	570	580	Low
9/17/2020	Euro	530	535	530	535	Low
9/16/2020	Dollar	450	460	450	460	Low
9/16/2020	Pounds	565	570	565	570	Low
9/16/2020	Euro	525	530	525	530	Low
9/15/2020	Dollar	450	460	450	460	Low
9/15/2020	Pounds	565	570	565	570	Low
9/15/2020	Euro	525	530	525	530	Low
9/14/2020	Dollar	445	455	445	455	Low
9/14/2020	Pounds	560	575	560	575	Low
9/14/2020	Euro	515	525	515	525	Low
09/11/2020	Dollar	450	455	450	455	Low
09/11/2020	Pounds	555	565	555	565	Low
09/11/2020	Euro	525	530	525	530	Low
09/10/2020	Dollar	455	460	455	460	Low
09/10/2020	Pounds	545	560	545	560	Low
09/10/2020	Euro	525	530	525	530	Low
09/09/2020	Dollar	430	440	430	440	Low
09/09/2020	Pounds	540	555	540	555	Low
09/09/2020	Euro	500	510	500	510	Low
09/08/2020	Dollar	435	440	435	440	Low
09/08/2020	Pounds	540	550	540	550	Low
09/08/2020	Euro	505	515	505	515	Low
09/07/2020	Dollar	435	440	435	440	Low
09/07/2020	Pounds	525	530	525	530	Low
09/07/2020	Euro	505	515	505	515	Low
09/04/2020	Dollar	425	440	425	440	Low
09/04/2020	Pounds	560	580	560	580	Low
09/04/2020	Euro	505	515	505	515	Low
09/03/2020	Dollar	425	440	425	440	Low
09/03/2020	Pounds	560	580	560	580	Low
09/03/2020	Euro	520	535	505	515	High
09/02/2020	Dollar	425	440	425	440	Low
09/02/2020	Pounds	570	580	560	580	Low
09/02/2020	Euro	535	540	520	535	Low
09/01/2020	Dollar	462	465	435	440	High
09/01/2020	Pounds	565	575	570	580	Low
09/01/2020	Euro	535	540	535	540	Low
8/31/2020	Dollar	463	470	460	465	High
8/31/2020	Pounds	585	595	580	590	Low
8/31/2020	Euro	540	545	540	545	Low
8/28/2020	Dollar	472	477	472	477	Low
8/28/2020	Pounds	580	595	580	595	Low
8/28/2020	Euro	545	552	545	552	Low
8/27/2020	Dollar	472	477	472	477	Low
8/27/2020	Pounds	580	590	580	590	Low
8/27/2020	Euro	542	552	542	552	Low
8/26/2020	Dollar	472	477	472	477	Low
8/26/2020	Pounds	580	590	580	590	Low
8/26/2020	Euro	542	552	542	552	Low
8/25/2020	Dollar	472	477	472	477	Low
8/25/2020	Pounds	575	585	575	585	Low
8/25/2020	Euro	542	552	542	552	Low
8/24/2020	Dollar	473	477	473	477	Low
8/24/2020	Pounds	580	590	580	590	Low
8/24/2020	Euro	542	550	542	550	Low
8/21/2020	Dollar	474	477	474	477	Low
8/21/2020	Pounds	575	585	575	585	Low
8/21/2020	Euro	545	550	545	550	Low
8/20/2020	Dollar	475	478	473	477	Low
8/20/2020	Pounds	575	585	575	585	Low
8/20/2020	Euro	540	550	540	550	Low
8/19/2020	Dollar	475	480	475	480	Low
8/19/2020	Pounds	575	585	575	585	Low
8/19/2020	Euro	540	550	540	550	Low
8/18/2020	Dollar	477	480	477	480	Low
8/18/2020	Pounds	575	580	575	580	Low
8/18/2020	Euro	545	550	545	550	Low
8/17/2020	Dollar	470	475	470	475	Low
8/17/2020	Pounds	580	590	580	590	Low
8/17/2020	Euro	525	535	525	535	Low
8/14/2020	Dollar	470	475	470	475	Low
8/14/2020	Pounds	570	580	570	580	Low
8/14/2020	Euro	525	535	520	535	Low
8/13/2020	Dollar	470	475	470	475	Low
8/13/2020	Pounds	570	575	565	575	Low
8/13/2020	Euro	525	530	520	530	Low
08/12/2020	Dollar	470	475	470	475	Low
08/12/2020	Pounds	570	575	570	575	Low
08/12/2020	Euro	520	530	520	530	Low
08/11/2020	Dollar	477	485	477	485	Low
08/11/2020	Pounds	572	584	572	584	Low
08/11/2020	Euro	510	523	520	535	Low
08/10/2020	Dollar	477	485	477	485	Low
08/10/2020	Pounds	572	584	572	584	Low
08/10/2020	Euro	510	523	520	535	High
08/07/2020	Dollar	475	486	475	486	Low
08/07/2020	Pounds	578	585	578	585	Low
08/07/2020	Euro	536	550	536	550	Low
08/06/2020	Dollar	470	480	475	486	Low
08/06/2020	Pounds	575	587	578	585	Low
08/06/2020	Euro	534	545	536	550	Low
08/05/2020	Dollar	465	475	473	483	Low
08/05/2020	Pounds	570	580	575	587	Low
08/05/2020	Euro	525	540	532	545	Low
08/04/2020	Dollar	470	480	470	480	Low
08/04/2020	Pounds	560	570	560	570	Low
08/04/2020	Euro	520	530	520	530	Low
08/03/2020	Dollar	470	480	470	480	Low
08/03/2020	Pounds	560	570	560	570	Low
08/03/2020	Euro	520	530	520	530	Low
7/31/2020	Dollar	470	480	470	485	High
7/31/2020	Pounds	570	582	575	585	Low
7/31/2020	Euro	500	520	505	520	Low
7/30/2020	Dollar	470	490	470	485	High
7/30/2020	Pounds	550	570	550	580	High
7/30/2020	Euro	495	520	500	525	High
7/29/2020	Dollar	468	475	467	475	Low
7/29/2020	Pounds	575	585	580	590	Low
7/29/2020	Euro	530	540	530	545	Low
7/28/2020	Dollar	469	475	467	475	Low
7/28/2020	Pounds	575	593	580	595	Low
7/28/2020	Euro	550	560	540	550	Low
7/27/2020	Dollar	465	473	466	473	Low
7/27/2020	Pounds	570	580	575	583	Low
7/27/2020	Euro	510	520	515	530	Low
7/24/2020	Dollar	465	472	464	472	Low
7/24/2020	Pounds	570	580	572	582	Low
7/24/2020	Euro	510	520	505	520	Low
7/23/2020	Dollar	460	472	465	472	Low
7/23/2020	Pounds	565	575	565	580	Low
7/23/2020	Euro	510	520	505	520	Low
7/22/2020	Dollar	465	472	465	472	Low
7/22/2020	Pounds	565	575	560	578	Low
7/22/2020	Euro	510	525	510	528	Low
7/21/2020	Dollar	461	472	462	472	Low
7/21/2020	Pounds	560	573	560	575	Low
7/21/2020	Euro	498	515	500	520	Low
7/20/2020	Dollar	460	473	462	473	Low
7/20/2020	Pounds	550	570	555	575	Low
7/20/2020	Euro	495	505	500	510	Low
7/17/2020	Dollar	462	470	460	470	Low
7/17/2020	Pounds	560	570	558	570	Low
7/17/2020	Euro	490	500	490	500	Low
7/16/2020	Dollar	460	470	460	470	Low
7/16/2020	Pounds	558	565	560	570	Low
7/16/2020	Euro	485	495	485	499	Low
7/15/2020	Dollar	455	465	455	470	Low
7/15/2020	Pounds	560	565	558	570	Low
7/15/2020	Euro	485	495	488	498	Low
7/14/2020	Dollar	448	462	455	470	Low
7/14/2020	Pounds	540	550	557	570	Low
7/14/2020	Euro	485	495	489	498	Low
7/13/2020	Dollar	450	460	448	462	Low
7/13/2020	Pounds	540	550	540	550	Low
7/13/2020	Euro	485	495	485	495	Low
07/10/2020	Dollar	453	460	458	465	Low
07/10/2020	Pounds	520	525	550	555	High
07/10/2020	Euro	465	467	510	520	High
07/09/2020	Dollar	455	461	455	463	Low
07/09/2020	Pounds	550	558	550	562	Low
07/09/2020	Euro	495	504	498	505	Low
07/08/2020	Dollar	455	461	455	461	Low
07/08/2020	Pounds	550	558	550	558	Low
07/08/2020	Euro	495	504	495	504	Low
07/07/2020	Dollar	455	461	455	461	Low
07/07/2020	Pounds	550	558	550	558	Low
07/07/2020	Euro	495	502	495	502	Low
07/06/2020	Dollar	455	462	455	461	Low
07/06/2020	Pounds	550	562	547	555	Low
07/06/2020	Euro	495	502	496	502	Low
07/03/2020	Dollar	455	462	454	461	Low
07/03/2020	Pounds	548	560	550	560	Low
07/03/2020	Euro	495	505	495	502	Low
07/02/2020	Dollar	455	462	454	461	Low
07/02/2020	Pounds	548	560	550	560	Low
07/02/2020	Euro	495	505	495	502	Low
07/01/2020	Dollar	455	462	455	462	Low
07/01/2020	Pounds	548	560	548	560	Low
07/01/2020	Euro	495	505	495	505	Low
6/30/2020	Dollar	452	460	452	460	Low
6/30/2020	Pounds	547	560	547	560	Low
6/30/2020	Euro	495	505	495	505	Low
6/29/2020	Dollar	450	460	450	460	Low
6/29/2020	Pounds	547	560	547	560	Low
6/29/2020	Euro	495	505	495	505	Low
6/26/2020	Dollar	452	457	452	460	Low
6/26/2020	Pounds	547	557	547	560	Low
6/26/2020	Euro	490	498	490	502	Low
6/25/2020	Dollar	452	457	450	455	Low
6/25/2020	Pounds	547	557	547	560	Low
6/25/2020	Euro	490	498	490	499	Low
6/24/2020	Dollar	450	460	450	455	Low
6/24/2020	Pounds	545	555	545	555	Low
6/24/2020	Euro	490	495	488	498	Low
6/23/2020	Dollar	450	460	445	455	Low
6/23/2020	Pounds	545	555	545	555	Low
6/23/2020	Euro	490	495	490	495	Low
6/22/2020	Dollar	450	455	450	455	Low
6/22/2020	Pounds	545	555	545	555	Low
6/22/2020	Euro	488	498	488	498	Low
6/19/2020	Dollar	445	455	445	455	Low
6/19/2020	Pounds	540	553	540	553	Low
6/19/2020	Euro	480	490	480	490	Low
6/18/2020	Dollar	445	452	445	452	Low
6/18/2020	Pounds	537	550	537	550	Low
6/18/2020	Euro	475	490	475	490	Low
6/17/2020	Dollar	445	452	445	452	Low
6/17/2020	Pounds	540	553	537	550	Low
6/17/2020	Euro	475	490	475	490	Low
6/16/2020	Dollar	440	450	445	452	Low
6/16/2020	Pounds	540	550	540	553	Low
6/16/2020	Euro	475	485	475	490	Low
6/15/2020	Dollar	440	450	440	450	Low
6/15/2020	Pounds	540	550	540	550	Low
6/15/2020	Euro	475	485	475	485	Low
06/12/2020	Dollar	440	450	440	450	Low
06/12/2020	Pounds	538	550	538	550	Low
06/12/2020	Euro	470	485	470	485	Low
06/11/2020	Pounds	538	550	538	550	Low
06/11/2020	Dollar	440	450	440	450	Low
06/11/2020	Euro	470	485	470	485	Low
06/10/2020	Pounds	538	550	540	553	Low
06/10/2020	Dollar	440	450	445	452	Low
06/10/2020	Euro	470	485	475	490	Low
06/09/2020	Pounds	538	550	540	550	Low
06/09/2020	Dollar	440	450	440	450	Low
06/09/2020	Euro	470	485	475	485	Low
06/08/2020	Pounds	540	550	540	550	Low
06/08/2020	Dollar	440	450	440	450	Low
06/08/2020	Euro	475	485	475	485	Low
06/05/2020	Pounds	535	545	535	545	Low
06/05/2020	Dollar	440	450	440	450	Low
06/05/2020	Euro	460	472	460	472	Low
06/04/2020	Pounds	530	543	530	543	Low
06/04/2020	Dollar	440	447	440	447	Low
06/04/2020	Euro	460	470	460	470	Low
06/03/2020	Pounds	530	540	530	540	Low
06/03/2020	Dollar	440	445	440	445	Low
06/03/2020	Euro	460	470	460	470	Low
06/02/2020	Pounds	535	545	535	545	Low
06/02/2020	Dollar	440	450	440	450	Low
06/02/2020	Euro	460	472	460	472	Low
06/01/2020	Pounds	530	543	530	543	Low
06/01/2020	Dollar	440	447	440	447	Low
06/01/2020	Euro	460	470	460	470	Low
5/29/2020	Pounds	530	540	530	540	Low
5/29/2020	Dollar	440	445	440	445	Low
5/29/2020	Euro	460	470	460	470	Low
5/28/2020	Pounds	535	545	535	545	Low
5/28/2020	Dollar	440	450	440	450	Low
5/28/2020	Euro	460	472	460	472	Low
5/27/2020	Pounds	530	543	530	543	Low
5/27/2020	Dollar	440	447	440	447	Low
5/27/2020	Euro	460	470	460	470	Low
5/26/2020	Pounds	530	540	530	540	Low
5/26/2020	Dollar	440	445	440	445	Low
5/26/2020	Euro	460	470	460	470	Low
5/25/2020	Pounds	535	545	535	545	Low
5/25/2020	Dollar	440	450	440	450	Low
5/25/2020	Euro	460	472	460	472	Low
5/22/2020	Pounds	530	543	530	543	Low
5/22/2020	Dollar	440	447	440	447	Low
5/22/2020	Euro	460	470	460	470	Low
5/21/2020	Pounds	530	545	530	545	Low
5/21/2020	Dollar	450	460	450	460	Low
5/21/2020	Euro	460	470	460	470	Low
5/20/2020	Pounds	530	550	530	550	Low
5/20/2020	Dollar	445	460	445	460	Low
5/20/2020	Euro	450	470	450	470	Low
5/19/2020	Pounds	528	540	528	540	Low
5/19/2020	Dollar	445	460	445	460	Low
5/19/2020	Euro	450	465	450	465	Low
5/18/2020	Pounds	528	540	528	540	Low
5/18/2020	Dollar	445	460	445	460	Low
5/18/2020	Euro	450	465	450	465	Low
5/15/2020	Pounds	530	540	525	535	Low
5/15/2020	Dollar	435	450	440	455	Low
5/15/2020	Euro	450	460	450	465	Low
5/14/2020	Pounds	530	540	530	540	Low
5/14/2020	Dollar	435	450	435	450	Low
5/14/2020	Euro	450	460	450	460	Low
5/13/2020	Pounds	525	535	525	535	Low
5/13/2020	Dollar	430	450	430	450	Low
5/13/2020	Euro	440	455	440	455	Low
05/12/2020	Pounds	525	535	525	535	Low
05/12/2020	Dollar	435	450	435	450	Low
05/12/2020	Euro	445	455	445	455	Low
05/11/2020	Pounds	510	530	525	535	Low
05/11/2020	Dollar	430	445	435	445	Low
05/11/2020	Euro	440	450	445	455	Low
05/08/2020	Pounds	510	530	510	530	Low
05/08/2020	Dollar	425	437	430	445	Low
05/08/2020	Euro	425	440	440	450	Low
05/07/2020	Pounds	510	530	510	530	Low
05/07/2020	Dollar	425	437	425	437	Low
05/07/2020	Euro	425	440	425	440	Low
05/06/2020	Pounds	510	520	510	520	Low
05/06/2020	Dollar	425	437	425	437	Low
05/06/2020	Euro	430	450	430	450	Low
05/05/2020	Pounds	510	525	510	525	Low
05/05/2020	Dollar	410	430	420	430	Low
05/05/2020	Euro	425	435	425	435	Low
05/04/2020	Pounds	500	510	510	525	Low
05/04/2020	Dollar	435	450	410	430	Low
05/04/2020	Euro	430	440	425	435	Low
05/01/2020	Pounds	500	510	500	510	Low
05/01/2020	Dollar	435	450	435	450	Low
05/01/2020	Euro	430	445	430	445	Low
4/30/2020	Pounds	500	510	500	510	Low
4/30/2020	Dollar	435	450	435	450	Low
4/30/2020	Euro	430	445	430	445	Low
4/29/2020	Pounds	500	520	500	520	Low
4/29/2020	Dollar	440	460	440	460	Low
4/29/2020	Euro	450	465	450	465	Low
4/28/2020	Pounds	495	510	500	520	Low
4/28/2020	Dollar	430	450	440	460	Low
4/28/2020	Euro	435	450	435	450	Low
4/27/2020	Pounds	495	510	495	510	Low
4/27/2020	Dollar	430	450	430	450	Low
4/27/2020	Euro	435	450	435	450	Low
4/24/2020	Pounds	490	500	490	500	Low
4/24/2020	Dollar	428	450	428	450	Low
4/24/2020	Euro	430	440	430	440	Low
4/23/2020	Pounds	490	500	490	500	Low
4/23/2020	Dollar	420	430	420	430	Low
4/23/2020	Euro	425	435	425	435	Low
4/22/2020	Pounds	490	500	490	500	Low
4/22/2020	Dollar	420	425	420	430	Low
4/22/2020	Euro	425	435	425	435	Low
4/21/2020	Pounds	490	500	490	500	Low
4/21/2020	Dollar	420	430	420	430	Low
4/21/2020	Euro	425	435	425	435	Low
4/20/2020	Pounds	490	500	490	500	Low
4/20/2020	Dollar	420	430	420	430	Low
4/20/2020	Euro	425	435	425	435	Low
4/17/2020	Pounds	490	500	490	500	Low
4/17/2020	Dollar	420	430	420	430	Low
4/17/2020	Euro	425	435	425	435	Low
4/16/2020	Pounds	490	500	490	500	Low
4/16/2020	Dollar	420	430	420	430	Low
4/16/2020	Euro	425	435	425	435	Low
4/15/2020	Pounds	490	500	490	500	Low
4/15/2020	Dollar	420	430	420	430	Low
4/15/2020	Euro	425	435	425	435	Low
4/14/2020	Pounds	490	500	490	500	Low
4/14/2020	Dollar	420	430	420	430	Low
4/14/2020	Euro	425	435	425	435	Low
4/13/2020	Pounds	490	500	490	500	Low
4/13/2020	Dollar	420	430	420	430	Low
4/13/2020	Euro	425	435	425	435	Low
04/10/2020	Pounds	490	505	490	505	Low
04/10/2020	Dollar	420	430	420	430	Low
04/10/2020	Euro	425	435	425	435	Low
04/09/2020	Pounds	490	505	490	505	Low
04/09/2020	Dollar	420	430	420	430	Low
04/09/2020	Euro	425	435	425	435	Low
04/08/2020	Pounds	490	500	490	500	Low
04/08/2020	Dollar	420	430	420	430	Low
04/08/2020	Euro	425	435	425	435	Low
04/07/2020	Pounds	490	500	490	500	Low
04/07/2020	Dollar	420	430	420	430	Low
04/07/2020	Euro	425	435	425	435	Low
04/06/2020	Pounds	492	497	492	497	Low
04/06/2020	Dollar	402	412	402	412	Low
04/06/2020	Euro	410	415	410	415	Low
04/03/2020	Pounds	485	490	492	497	Low
04/03/2020	Dollar	400	410	402	412	Low
04/03/2020	Euro	410	415	410	415	Low
04/02/2020	Pounds	485	490	485	490	Low
04/02/2020	Dollar	400	410	400	410	Low
04/02/2020	Euro	410	415	410	415	Low
04/01/2020	Pounds	480	485	480	485	Low
04/01/2020	Dollar	395	400	395	400	Low
04/01/2020	Euro	407	412	407	412	Low
3/31/2020	Pounds	480	485	480	485	Low
3/31/2020	Dollar	395	400	395	400	Low
3/31/2020	Euro	407	412	407	412	Low
3/30/2020	Pounds	480	485	480	485	Low
3/30/2020	Dollar	390	395	395	400	Low
3/30/2020	Euro	407	412	407	412	Low
3/27/2020	Pounds	480	485	480	485	Low
3/27/2020	Dollar	385	390	390	395	Low
3/27/2020	Euro	405	410	407	412	Low
3/26/2020	Pounds	480	485	480	485	Low
3/26/2020	Dollar	385	390	385	390	Low
3/26/2020	Euro	405	410	405	410	Low
3/25/2020	Pounds	475	480	480	485	Low
3/25/2020	Dollar	380	385	385	390	Low
3/25/2020	Euro	400	405	405	410	Low
3/24/2020	Pounds	475	480	475	480	Low
3/24/2020	Dollar	380	385	380	385	Low
3/24/2020	Euro	400	405	400	405	Low
3/23/2020	Pounds	474	478	474	478	Low
3/23/2020	Dollar	380	385	380	385	Low
3/23/2020	Euro	400	403	400	403	Low
3/20/2020	Pounds	475	480	475	480	Low
3/20/2020	Dollar	370	375	365	367	Low
3/20/2020	Euro	395	400	395	400	Low
3/19/2020	Pounds	475	480	475	480	Low
3/19/2020	Dollar	370	375	370	375	Low
3/19/2020	Euro	395	400	395	400	Low
3/18/2020	Pounds	471	475	471	475	Low
3/18/2020	Dollar	370	375	370	375	Low
3/18/2020	Euro	390	395	390	395	Low
3/17/2020	Pounds	470	475	470	475	Low
3/17/2020	Dollar	375	380	375	380	Low
3/17/2020	Euro	400	403	400	403	Low
3/16/2020	Pounds	470	475	470	475	Low
3/16/2020	Dollar	370	375	370	375	Low
3/16/2020	Euro	400	403	400	403	Low
3/13/2020	Pounds	470	475	470	475	Low
3/13/2020	Dollar	372	377	372	377	Low
3/13/2020	Euro	400	403	400	403	Low
03/12/2020	Pounds	475	485	490	495	High
03/12/2020	Dollar	365	380	375	404	High
03/12/2020	Euro	405	412	410	420	Low
03/11/2020	Pounds	470	475	475	485	Low
03/11/2020	Dollar	360	366	365	375	Low
03/11/2020	Euro	387	403	405	412	Low
03/10/2020	Pounds	468	472	470	475	Low
03/10/2020	Dollar	358	360	360	362	Low
03/10/2020	Euro	390	398	387	403	Low
03/09/2020	Pounds	468	472	468	472	Low
03/09/2020	Dollar	358	360	358	360	Low
03/09/2020	Euro	392	398	392	398	Low
03/06/2020	Pounds	468	472	468	472	Low
03/06/2020	Dollar	358	360	358	360	Low
03/06/2020	Euro	390	398	390	398	Low
03/05/2020	Pounds	468	472	468	472	Low
03/05/2020	Dollar	358	360	358	360	Low
03/05/2020	Euro	390	397	390	397	Low
03/04/2020	Pounds	468	473	468	473	Low
03/04/2020	Dollar	358	360	358	360	Low
03/04/2020	Euro	387	392	387	392	Low
03/03/2020	Pounds	468	472	468	472	Low
03/03/2020	Dollar	358	360	358	360	Low
03/03/2020	Euro	387	392	387	392	Low
03/02/2020	Pounds	468	472	468	472	Low
03/02/2020	Dollar	358	360	358	360	Low
03/02/2020	Euro	387	392	387	392	Low
2/28/2020	Pounds	468	472	468	472	Low
2/28/2020	Dollar	358	360	358	360	Low
2/28/2020	Euro	387	392	387	392	Low
2/27/2020	Pounds	467	471	468	472	Low
2/27/2020	Dollar	358	360	358	360	Low
2/27/2020	Euro	386	390	387	392	Low
2/26/2020	Pounds	468	472	467	471	Low
2/26/2020	Dollar	358	360	358	360	Low
2/26/2020	Euro	386	390	386	390	Low
2/25/2020	Pounds	467	472	468	472	Low
2/25/2020	Dollar	358	360	358	360	Low
2/25/2020	Euro	388	392	386	390	Low
2/24/2020	Pounds	467	472	467	472	Low
2/24/2020	Dollar	358	360	358	360	Low
2/24/2020	Euro	388	392	388	393	Low
2/21/2020	Pounds	467	473	468	473	Low
2/21/2020	Dollar	358	360	358	360	Low
2/21/2020	Euro	388	392	388	392	Low
2/20/2020	Pounds	467	473	467	473	Low
2/20/2020	Dollar	358	360	358	360	Low
2/20/2020	Euro	388	392	388	392	Low
2/19/2020	Pounds	467	473	467	473	Low
2/19/2020	Dollar	358	360	358	360	Low
2/19/2020	Euro	390	394	390	394	Low
2/18/2020	Pounds	467	473	467	473	Low
2/18/2020	Dollar	358	360	358	360	Low
2/18/2020	Euro	390	394	390	394	Low
2/17/2020	Pounds	469	473	467	474	Low
2/17/2020	Dollar	358	360	358	360	Low
2/17/2020	Euro	390	394	390	394	Low
2/14/2020	Pounds	469	473	469	473	Low
2/14/2020	Dollar	358	360	358	360	Low
2/14/2020	Euro	390	394	390	394	Low
2/13/2020	Pounds	470	475	470	475	Low
2/13/2020	Dollar	358	360	358	360	Low
2/13/2020	Euro	390	396	390	396	Low
02/12/2020	Pounds	470	475	470	475	Low
02/12/2020	Dollar	358	360	358	360	Low
02/12/2020	Euro	390	396	390	396	Low
02/11/2020	Pounds	470	475	470	475	Low
02/11/2020	Dollar	358	360	358	360	Low
02/11/2020	Euro	390	396	390	396	Low
02/10/2020	Pounds	470	475	470	475	Low
02/10/2020	Dollar	358	360	358	360	Low
02/10/2020	Euro	390	396	390	396	Low
02/07/2020	Pounds	471	475	471	475	Low
02/07/2020	Dollar	358	360	358	360	Low
02/07/2020	Euro	390	396	392	396	Low
02/06/2020	Pounds	473	476	473	476	Low
02/06/2020	Dollar	358	360	358	360	Low
02/06/2020	Euro	392	397	392	397	Low
02/05/2020	Pounds	473	476	473	476	Low
02/05/2020	Dollar	358	360	358	360	Low
02/05/2020	Euro	393	397	393	397	Low
02/04/2020	Pounds	473	476	473	476	Low
02/04/2020	Dollar	358	360	358	360	Low
02/04/2020	Euro	393	397	393	397	Low
02/03/2020	Pounds	473	476	473	476	Low
02/03/2020	Dollar	358	360	358	360	Low
02/03/2020	Euro	393	397	393	397	Low
1/31/2020	Pounds	473	476	473	476	Low
1/31/2020	Dollar	358	360	358	360	Low
1/31/2020	Euro	393	397	393	397	Low
1/30/2020	Pounds	472	478	472	476	Low
1/30/2020	Dollar	358	361	358	360	Low
1/30/2020	Euro	394	398	394	398	Low
1/29/2020	Pounds	472	476	472	476	Low
1/29/2020	Dollar	358	360	358	360	Low
1/29/2020	Euro	394	398	394	398	Low
1/28/2020	Pounds	472	476	472	476	Low
1/28/2020	Dollar	358	360	358	360	Low
1/28/2020	Euro	394	398	394	398	Low
1/27/2020	Pounds	473	476	473	476	Low
1/27/2020	Dollar	358	360	358	360	Low
1/27/2020	Euro	394	398	394	398	Low
1/24/2020	Pounds	474	478	474	478	Low
1/24/2020	Dollar	358	362	358	362	Low
1/24/2020	Euro	395	400	395	400	Low
1/23/2020	Pounds	474	478	474	478	Low
1/23/2020	Dollar	358	362	358	362	Low
1/23/2020	Euro	395	400	395	400	Low
1/22/2020	Pounds	474	478	474	478	Low
1/22/2020	Dollar	359	362	359	362	Low
1/22/2020	Euro	394	398	394	398	Low
1/21/2020	Pounds	473	477	475	479	Low
1/21/2020	Dollar	360	362	359	362	Low
1/21/2020	Euro	395	400	395	400	Low
1/20/2020	Pounds	473	477	473	477	Low
1/20/2020	Dollar	360	362	360	362	Low
1/20/2020	Euro	395	400	395	400	Low
1/17/2020	Pounds	473	477	473	477	Low
1/17/2020	Dollar	360	362	360	362	Low
1/17/2020	Euro	395	400	395	400	Low
1/16/2020	Pounds	457	480	474	477	Low
1/16/2020	Dollar	360	362	360	362	Low
1/16/2020	Euro	397	403	395	400	Low
1/15/2020	Pounds	475	480	475	480	Low
1/15/2020	Dollar	360	362	360	362	Low
1/15/2020	Euro	397	402	397	402	Low
1/14/2020	Pounds	470	475	474	480	Low
1/14/2020	Dollar	359	362	360	362	Low
1/14/2020	Euro	397	402	397	400	Low
1/13/2020	Pounds	470	477	470	475	Low
1/13/2020	Dollar	359	362	359	362	Low
1/13/2020	Euro	397	403	397	402	Low
01/10/2020	Pounds	470	475	470	475	Low
01/10/2020	Dollar	359	362	359	362	Low
01/10/2020	Euro	397	402	397	402	Low
01/09/2020	Pounds	470	475	470	475	Low
01/09/2020	Dollar	359	362	359	362	Low
01/09/2020	Euro	397	403	397	403	Low
01/08/2020	Pounds	470	475	470	475	Low
01/08/2020	Dollar	359	362	359	362	Low
01/08/2020	Euro	397	403	397	403	Low
01/07/2020	Pounds	470	477	470	477	Low
01/07/2020	Dollar	359	362	359	362	Low
01/07/2020	Euro	397	403	397	403	Low
01/06/2020	Pounds	468	473	470	477	Low
01/06/2020	Dollar	359	362	359	362	Low
01/06/2020	Euro	392	400	397	403	Low
01/03/2020	Pounds	468	473	468	473	Low
01/03/2020	Dollar	359	362	359	362	Low
01/03/2020	Euro	390	400	390	400	Low
01/02/2020	Pounds	467	473	467	473	Low
01/02/2020	Dollar	359	362	359	362	Low
01/02/2020	Euro	392	400	392	400	Low
12/24/2019	Pounds	468	474	468	474	Low
12/24/2019	Dollar	358	361	358	361	Low
12/24/2019	Euro	390	395	390	395	Low
12/23/2019	Pounds	474	478	474	478	Low
12/23/2019	Dollar	359	362	359	362	Low
12/23/2019	Euro	395	400	395	400	Low
12/20/2019	Pounds	474	480	474	480	Low
12/20/2019	Dollar	359	363	359	363	Low
12/20/2019	Euro	395	401	395	401	Low
12/19/2019	Pounds	472	480	472	480	Low
12/19/2019	Dollar	359	363	359	363	Low
12/19/2019	Euro	395	401	395	401	Low
12/18/2019	Pounds	472	480	472	480	Low
12/18/2019	Dollar	360	363	359	363	Low
12/18/2019	Euro	395	400	395	400	Low
12/17/2019	Pounds	470	477	472	477	Low
12/17/2019	Dollar	360	363	360	363	Low
12/17/2019	Euro	394	398	394	398	Low
12/16/2019	Pounds	470	475	470	477	Low
12/16/2019	Dollar	359	363	360	363	Low
12/16/2019	Euro	394	398	394	398	Low
12/13/2019	Pounds	470	480	470	476	Low
12/13/2019	Dollar	359	362	359	363	Low
12/13/2019	Euro	394	398	394	398	Low
12/12/2019	Pounds	464	472	464	472	Low
12/12/2019	Dollar	358	360	359	361	Low
12/12/2019	Euro	392	397	392	397	Low
12/11/2019	Pounds	463	470	464	472	Low
12/11/2019	Dollar	358	360	358	360	Low
12/11/2019	Euro	393	397	392	397	Low
12/10/2019	Pounds	462	468	463	470	Low
12/10/2019	Dollar	358	360	358	360	Low
12/10/2019	Euro	392	397	393	397	Low
12/09/2019	Pounds	462	468	462	468	Low
12/09/2019	Dollar	358	360	358	360	Low
12/09/2019	Euro	392	397	392	397	Low
12/06/2019	Pounds	462	467	463	468	Low
12/06/2019	Dollar	358	360	358	360	Low
12/06/2019	Euro	390	396	390	396	Low
12/05/2019	Pounds	462	467	462	467	Low
12/05/2019	Dollar	358	360	358	360	Low
12/05/2019	Euro	390	396	390	396	Low
12/04/2019	Pounds	460	466	460	466	Low
12/04/2019	Dollar	358	360	358	360	Low
12/04/2019	Euro	390	396	390	396	Low
12/03/2019	Pounds	460	465	460	465	Low
12/03/2019	Dollar	358	360	358	360	Low
12/03/2019	Euro	390	396	390	396	Low
12/02/2019	Pounds	460	466	460	465	Low
12/02/2019	Dollar	358	360	358	360	Low
12/02/2019	Euro	390	395	390	395	Low
11/29/2019	Pounds	462	466	462	466	Low
11/29/2019	Dollar	358	360	358	360	Low
11/29/2019	Euro	390	395	392	397	Low
11/28/2019	Pounds	462	467	462	466	Low
11/28/2019	Dollar	358	360	358	360	Low
11/28/2019	Euro	390	395	390	395	Low
11/27/2019	Pounds	460	465	462	467	Low
11/27/2019	Dollar	358	360	358	360	Low
11/27/2019	Euro	391	396	390	395	Low
11/26/2019	Pounds	462	466	462	466	Low
11/26/2019	Dollar	358	360	358	360	Low
11/26/2019	Euro	390	395	390	395	Low
11/25/2019	Pounds	460	465	462	466	Low
11/25/2019	Dollar	358	360	358	360	Low
11/25/2019	Euro	390	398	390	395	Low
11/22/2019	Pounds	460	464	460	465	Low
11/22/2019	Dollar	357	360	358	360	Low
11/22/2019	Euro	390	398	390	398	Low
11/21/2019	Pounds	460	464	460	464	Low
11/21/2019	Dollar	357	360	357	360	Low
11/21/2019	Euro	390	397	390	397	Low
11/20/2019	Pounds	460	464	460	464	Low
11/20/2019	Dollar	358	360	358	360	Low
11/20/2019	Euro	390	398	390	397	Low
11/19/2019	Pounds	460	465	460	464	Low
11/19/2019	Dollar	358	360	358	360	Low
11/19/2019	Euro	392	398	390	398	Low
11/18/2019	Pounds	458	464	460	465	Low
11/18/2019	Dollar	358	360	358	360	Low
11/18/2019	Euro	390	398	392	398	Low
11/15/2019	Pounds	458	464	458	464	Low
11/15/2019	Dollar	358	360	358	360	Low
11/15/2019	Euro	392	398	393	398	Low
11/14/2019	Pounds	458	464	458	464	Low
11/14/2019	Dollar	358	360	358	360	Low
11/14/2019	Euro	390	398	392	398	Low
11/13/2019	Pounds	460	465	458	464	Low
11/13/2019	Dollar	358	360	358	360	Low
11/13/2019	Euro	392	398	392	398	Low
11/12/2019	Pounds	460	465	460	465	Low
11/12/2019	Dollar	358	360	358	360	Low
11/12/2019	Euro	394	399	394	399	Low
11/08/2019	Pounds	458	463	460	465	Low
11/08/2019	Dollar	358	360	358	360	Low
11/08/2019	Euro	393	398	394	400	Low
11/06/2019	Pounds	458	463	458	464	Low
11/06/2019	Dollar	357	360	357	360	Low
11/06/2019	Euro	393	400	393	400	Low
11/05/2019	Pounds	458	463	458	463	Low
11/05/2019	Dollar	357	360	357	360	Low
11/05/2019	Euro	393	400	393	400	Low
11/04/2019	Pounds	458	463	458	463	Low
11/04/2019	Dollar	357	360	357	360	Low
11/04/2019	Euro	392	400	393	400	Low
11/01/2019	Pounds	458	463	458	463	Low
11/01/2019	Dollar	358	360	358	360	Low
11/01/2019	Euro	393	400	394	400	Low
10/31/2019	Pounds	460	464	458	463	Low
10/31/2019	Dollar	358	360	358	360	Low
10/31/2019	Euro	395	400	393	400	Low
10/30/2019	Pounds	457	463	457	463	Low
10/30/2019	Dollar	358	360	358	360	Low
10/30/2019	Euro	395	400	395	400	Low
10/29/2019	Pounds	457	463	457	463	Low
10/29/2019	Dollar	358	360	358	360	Low
10/29/2019	Euro	395	400	395	400	Low
10/28/2019	Pounds	457	462	457	463	Low
10/28/2019	Dollar	358	360	358	360	Low
10/28/2019	Euro	396	402	395	400	Low
10/25/2019	Pounds	457	463	457	462	Low
10/25/2019	Dollar	358	360	358	360	Low
10/25/2019	Euro	396	403	396	402	Low
10/24/2019	Pounds	457	462	457	463	Low
10/24/2019	Dollar	358	360	358	360	Low
10/24/2019	Euro	396	403	396	403	Low
10/23/2019	Pounds	457	463	457	462	Low
10/23/2019	Dollar	358	360	358	360	Low
10/23/2019	Euro	397	403	396	403	Low
10/22/2019	Pounds	455	460	457	463	Low
10/22/2019	Dollar	358	360	358	360	Low
10/22/2019	Euro	395	402	397	403	Low
10/21/2019	Pounds	450	455	450	455	Low
10/21/2019	Dollar	358	360	358	360	Low
10/21/2019	Euro	387	395	390	397	Low
10/18/2019	Pounds	446	453	446	453	Low
10/18/2019	Dollar	358	360	358	360	Low
10/18/2019	Euro	387	393	387	393	Low
10/17/2019	Pounds	445	450	446	452	Low
10/17/2019	Dollar	358	360	358	360	Low
10/17/2019	Euro	387	392	387	393	Low
10/16/2019	Pounds	445	452	445	450	Low
10/16/2019	Dollar	358	360	358	360	Low
10/16/2019	Euro	387	395	387	392	Low
10/15/2019	Pounds	445	450	445	452	Low
10/15/2019	Dollar	357	360	358	360	Low
10/15/2019	Euro	385	390	385	390	Low
10/14/2019	Pounds	445	450	445	450	Low
10/14/2019	Dollar	358	360	357	360	Low
10/14/2019	Euro	384	390	385	390	Low
10/11/2019	Pounds	445	450	445	450	Low
10/11/2019	Dollar	358	360	358	360	Low
10/11/2019	Euro	384	390	384	390	Low
10/10/2019	Pounds	445	450	445	450	Low
10/10/2019	Dollar	357	360	357	360	Low
10/10/2019	Euro	386	390	384	390	Low
10/09/2019	Pounds	445	453	445	450	Low
10/09/2019	Dollar	357	360	357	360	Low
10/09/2019	Euro	390	395	386	390	Low
10/08/2019	Pounds	448	453	445	453	Low
10/08/2019	Dollar	357	360	357	360	Low
10/08/2019	Euro	390	395	390	395	Low
10/07/2019	Pounds	448	453	448	453	Low
10/07/2019	Dollar	358	360	358	360	Low
10/07/2019	Euro	392	396	390	395	Low
10/04/2019	Pounds	450	454	448	453	Low
10/04/2019	Dollar	358	360	358	360	Low
10/04/2019	Euro	392	397	392	396	Low
10/03/2019	Pounds	450	454	450	454	Low
10/03/2019	Dollar	358	360	358	360	Low
10/03/2019	Euro	392	397	392	397	Low
10/02/2019	Pounds	450	453	450	453	Low
10/02/2019	Dollar	358	360	358	360	Low
10/02/2019	Euro	392	397	392	397	Low
9/30/2019	Pounds	445	450	450	453	Low
9/30/2019	Dollar	358	360	358	360	Low
9/30/2019	Euro	392	397	392	397	Low
9/27/2019	Pounds	446	452	445	450	Low
9/27/2019	Dollar	357	360	358	360	Low
9/27/2019	Euro	392	396	392	397	Low
9/26/2019	Pounds	445	450	445	450	Low
9/26/2019	Dollar	357	360	357	360	Low
9/26/2019	Euro	390	395	392	396	Low
9/25/2019	Pounds	444	449	445	450	Low
9/25/2019	Dollar	357	360	357	360	Low
9/25/2019	Euro	390	394	390	395	Low
9/24/2019	Pounds	445	448	445	449	Low
9/24/2019	Dollar	357	360	357	360	Low
9/24/2019	Euro	390	395	390	395	Low
9/23/2019	Pounds	445	450	445	450	Low
9/23/2019	Dollar	357	360	357	360	Low
9/23/2019	Euro	392	395	392	396	Low
9/20/2019	Pounds	443	446	445	450	Low
9/20/2019	Dollar	357	360	357	360	Low
9/20/2019	Euro	392	395	392	395	Low
9/19/2019	Pounds	442	446	443	446	Low
9/19/2019	Dollar	357	360	357	360	Low
9/19/2019	Euro	390	395	391	394	Low
9/18/2019	Pounds	442	447	440	446	Low
9/18/2019	Dollar	357	360	357	360	Low
9/18/2019	Euro	390	395	390	395	Low
9/17/2019	Pounds	445	448	444	447	Low
9/17/2019	Dollar	358	360	358	360	Low
9/17/2019	Euro	394	398	393	397	Low
9/16/2019	Pounds	445	450	445	450	Low
9/16/2019	Dollar	357	360	357	360	Low
9/16/2019	Euro	394	400	394	400	Low
9/13/2019	Pounds	445	450	445	450	Low
9/13/2019	Dollar	357	360	357	360	Low
9/13/2019	Euro	394	398	394	398	Low
09/12/2019	Pounds	440	445	445	450	Low
09/12/2019	Dollar	357	360	357	360	Low
09/12/2019	Euro	393	398	394	398	Low
09/11/2019	Pounds	440	446	440	446	Low
09/11/2019	Dollar	358	360	358	360	Low
09/11/2019	Euro	392	395	392	398	Low
09/10/2019	Pounds	437	450	440	446	Low
09/10/2019	Dollar	356	360	358	360	Low
09/10/2019	Euro	388	397	392	395	Low
09/09/2019	Pounds	440	444	440	445	Low
09/09/2019	Dollar	358	360	358	360	Low
09/09/2019	Euro	390	396	390	395	Low
09/06/2019	Pounds	440	444	440	444	Low
09/06/2019	Dollar	358	360	358	360	Low
09/06/2019	Euro	392	398	390	396	Low
09/05/2019	Pounds	440	444	440	444	Low
09/05/2019	Dollar	357	360	358	360	Low
09/05/2019	Euro	392	398	392	397	Low
09/04/2019	Pounds	440	443	440	444	Low
09/04/2019	Dollar	357	360	358	360	Low
09/04/2019	Euro	392	398	392	397	Low
09/03/2019	Pounds	438	443	438	443	Low
09/03/2019	Dollar	357	360	357	360	Low
09/03/2019	Euro	392	397	392	398	Low
09/02/2019	Pounds	437	445	438	443	Low
09/02/2019	Dollar	357	360	357	360	Low
09/02/2019	Euro	391	396	392	397	Low
30/08/2019	Pounds	442	448	440	445	Low
30/08/2019	Dollar	358	360	358	360	Low
30/08/2019	Euro	392	398	395	398	Low
29/08/2019	Pounds	440	446	442	448	Low
29/08/2019	Dollar	358	360	358	360	Low
29/08/2019	Euro	392	398	392	398	Low
28/08/2019	Pounds	444	450	440	445	Low
28/08/2019	Dollar	358	360	358	360	Low
28/08/2019	Euro	392	396	392	398	Low
27/08/2019	Pounds	444	450	444	450	Low
27/08/2019	Dollar	358	360	358	360	Low
27/08/2019	Euro	394	400	393	398	Low
26/08/2019	Pounds	442	447	443	448	Low
26/08/2019	Dollar	358	360	358	360	Low
26/08/2019	Euro	392	397	393	397	Low
23/08/2019	Pounds	440	445	440	445	Low
23/08/2019	Dollar	358	360	358	360	Low
23/08/2019	Euro	390	397	390	397	Low
22/08/2019	Pounds	445	450	440	445	Low
22/08/2019	Dollar	357	359	358	360	Low
22/08/2019	Euro	393	398	390	397	Low
21/08/2019	Pounds	447	452	445	450	Low
21/08/2019	Dollar	358	360	357	359	Low
21/08/2019	Euro	392	398	393	398	Low
20/08/2019	Pounds	450	455	447	452	Low
20/08/2019	Dollar	358	360	358	360	Low
20/08/2019	Euro	395	400	392	398	Low
19/08/2019	Pounds	450	455	450	455	Low
19/08/2019	Dollar	358	360	358	360	Low
19/08/2019	Euro	395	400	395	400	Low
16/08/2019	Pounds	451	455	450	455	Low
16/08/2019	Dollar	357	360	358	360	Low
16/08/2019	Euro	397	402	395	400	Low
15/08/2019	Pounds	450	455	451	455	Low
15/08/2019	Dollar	357	360	357	360	Low
15/08/2019	Euro	398	403	397	402	Low
14/08/2019	Pounds	450	455	450	455	Low
14/08/2019	Dollar	357	360	357	360	Low
14/08/2019	Euro	398	403	398	403	Low
09/08/2019	Pounds	450	455	450	455	Low
09/08/2019	Dollar	357	360	357	360	Low
09/08/2019	Euro	398	404	398	403	Low
08/08/2019	Pounds	450	455	450	455	Low
08/08/2019	Dollar	357	360	357	360	Low
08/08/2019	Euro	398	403	398	404	Low
07/08/2019	Pounds	453	458	450	455	Low
07/08/2019	Dollar	357	360	357	360	Low
07/08/2019	Euro	398	403	398	403	Low
06/08/2019	Pounds	457	460	452	458	Low
06/08/2019	Dollar	358	360	357	360	Low
06/08/2019	Euro	400	404	400	403	Low
05/08/2019	Pounds	458	462	457	461	Low
05/08/2019	Dollar	358	360	358	360	Low
05/08/2019	Euro	400	405	400	405	Low
02/08/2019	Pounds	458	462	458	462	Low
02/08/2019	Dollar	358	360	358	360	Low
02/08/2019	Euro	400	405	400	405	Low
01/08/2019	Pounds	458	462	458	462	Low
01/08/2019	Dollar	358	360	358	360	Low
01/08/2019	Euro	402	405	402	405	Low
31/07/2019	Pounds	458	463	458	463	Low
31/07/2019	Dollar	358	360	358	360	Low
31/07/2019	Euro	403	407	403	407	Low
30/07/2019	Pounds	458	463	458	463	Low
30/07/2019	Dollar	358	360	358	360	Low
30/07/2019	Euro	403	407	403	407	Low
29/07/2019	Pounds	458	461	458	463	Low
29/07/2019	Dollar	358	360	358	360	Low
29/07/2019	Euro	402	406	403	407	Low
26/07/2019	Pounds	459	463	458	461	Low
26/07/2019	Dollar	358	361	358	360	Low
26/07/2019	Euro	403	406	401	405	Low
25/07/2019	Pounds	459	463	459	463	Low
25/07/2019	Dollar	358	361	358	361	Low
25/07/2019	Euro	403	407	403	406	Low
24/07/2019	Pounds	459	463	459	463	Low
24/07/2019	Dollar	358	361	358	361	Low
24/07/2019	Euro	404	407	403	407	Low
23/07/2019	Pounds	460	464	459	463	Low
23/07/2019	Dollar	359	361	358	361	Low
23/07/2019	Euro	406	410	404	407	Low
22/07/2019	Pounds	459	463	459	463	Low
22/07/2019	Dollar	358	360	359	361	Low
22/07/2019	Euro	406	410	406	410	Low
19/07/2019	Pounds	459	463	459	463	Low
19/07/2019	Pounds	358	360	358	360	Low
19/07/2019	Pounds	406	410	406	410	Low
18/07/2019	Pounds	458	462	459	463	Low
18/07/2019	Dollar	358	360	358	360	Low
18/07/2019	Euro	403	407	406	410	Low
17/07/2019	Pounds	458	462	458	462	Low
17/07/2019	Dollar	358	360	358	360	Low
17/07/2019	Euro	403	407	403	407	Low
16/07/2019	Pounds	460	463	458	462	Low
16/07/2019	Dollar	359	361	358	360	Low
16/07/2019	Euro	405	408	403	407	Low
13/07/2019	Pounds	460	464	460	463	Low
13/07/2019	Dollar	359	361	359	361	Low
13/07/2019	Euro	405	410	405	408	Low
12/07/2019	Pounds	458	463	460	464	Low
12/07/2019	Dollar	359	361	359	361	Low
12/07/2019	Euro	404	407	405	410	Low
11/07/2019	Pounds	458	463	458	462	Low
11/07/2019	Dollar	359	362	359	361	Low
11/07/2019	Euro	402	407	405	410	Low
10/07/2019	Pounds	458	463	458	463	Low
10/07/2019	Dollar	359	361	358	361	Low
10/07/2019	Euro	401	406	402	405	Low
09/07/2019	Pounds	458	465	457	465	Low
09/07/2019	Dollar	359	362	359	362	Low
09/07/2019	Euro	401	405	402	405	Low
08/07/2019	Pounds	458	463	460	465	Low
08/07/2019	Dollar	359	362	359	362	Low
08/07/2019	Euro	401	405	401	405	Low
05/07/2019	Pounds	458	463	458	463	Low
05/07/2019	Dollar	359	362	359	362	Low
05/07/2019	Euro	401	405	401	405	Low
04/07/2019	Pounds	458	463	458	463	Low
04/07/2019	Dollar	359	362	359	362	Low
04/07/2019	Euro	401	405	400	405	Low
03/07/2019	Pounds	458	464	458	463	Low
03/07/2019	Dollar	359	361	359	362	Low
03/07/2019	Euro	401	405	401	405	Low
02/07/2019	Pounds	458	462	458	463	Low
02/07/2019	Dollar	359	361	359	361	Low
02/07/2019	Euro	398	402	400	404	Low
01/07/2019	Pounds	458	462	458	462	Low
01/07/2019	Dollar	358	360	359	361	Low
01/07/2019	Euro	400	403	398	403	Low
28/06/2019	Pounds	457	460	457	462	Low
28/06/2019	Dollar	358	360	358	360	Low
28/06/2019	Euro	398	402	400	403	Low
27/06/2019	Pounds	458	462	458	462	Low
27/06/2019	Dollar	358	360	358	360	Low
27/06/2019	Euro	398	402	398	402	Low
26/06/2019	Pounds	458	463	458	462	Low
26/06/2019	Dollar	358	360	358	360	Low
26/06/2019	Euro	398	402	400	403	Low
25/06/2019	Pounds	458	464	458	464	Low
25/06/2019	Dollar	358	361	358	361	Low
25/06/2019	Euro	400	403	398	402	Low
24/06/2019	Pounds	458	464	460	465	Low
24/06/2019	Dollar	358	361	359	361	Low
24/06/2019	Euro	398	402	398	403	Low
21/06/2019	Pounds	460	465	458	464	Low
21/06/2019	Dollar	358	361	358	361	Low
21/06/2019	Euro	398	402	398	402	Low
20/06/2019	Pounds	460	465	468	462	Low
20/06/2019	Dollar	358	361	358	361	Low
20/06/2019	Euro	398	402	400	403	Low
19/06/2019	Pounds	460	465	460	465	Low
19/06/2019	Dollar	358	361	358	361	Low
19/06/2019	Euro	398	401	398	402	Low
18/06/2019	Pounds	460	465	462	465	Low
18/06/2019	Dollar	359	361	358	361	Low
18/06/2019	Euro	400	403	400	405	Low
17/06/2019	Pounds	462	467	462	468	Low
17/06/2019	Dollar	358	361	358	361	Low
17/06/2019	Euro	400	404	400	404	Low
14/06/2019	Pounds	426	467	426	467	Low
14/06/2019	Dollar	358	361	358	361	Low
14/06/2019	Euro	400	404	400	404	Low
13/06/2019	Pounds	467	471	462	467	Low
13/06/2019	Dollar	358	361	358	361	Low
13/06/2019	Euro	400	404	400	404	Low
12/06/2019	Pounds	468	471	467	471	Low
12/06/2019	Dollar	358	361	358	361	Low
12/06/2019	Euro	400	404	400	404	Low
11/06/2019	Pounds	465	470	467	471	Low
11/06/2019	Dollar	358	361	359	361	Low
11/06/2019	Euro	400	403	399	402	Low
10/06/2019	Pounds	468	472	468	472	Low
10/06/2019	Dollar	358	361	358	361	Low
10/06/2019	Euro	404	400	400	404	Low
07/06/2019	Pounds	469	473	467	471	Low
07/06/2019	Dollar	358	361	358	360	Low
07/06/2019	Euro	400	403	398	402	Low
06/06/2019	Pounds	468	472	465	470	Low
06/06/2019	Dollar	358	360	358	361	Low
06/06/2019	Euro	398	402	403	400	Low
03/06/2019	Pounds	468	472	468	472	Low
03/06/2019	Dollar	358	360	358	361	Low
03/06/2019	Euro	398	402	398	402	Low
31/05/2019	Pounds	465	470	470	474	Low
31/05/2019	Dollar	358	360	358	360	Low
31/05/2019	Euro	397	402	400	403	Low
30/05/2019	Pounds	470	474	470	474	Low
30/05/2019	Dollar	358	360	358	360	Low
30/05/2019	Euro	400	403	400	403	Low
28/05/2019	Pounds	470	474	470	474	Low
28/05/2019	Dollar	358	360	358	360	Low
28/05/2019	Euro	400	403	400	403	Low
27/05/2019	Pounds	470	474	470	474	Low
27/05/2019	Dollar	358	360	358	360	Low
27/05/2019	Euro	400	403	400	404	Low
24/05/2019	Pounds	470	474	470	474	Low
24/05/2019	Dollar	358	360	358	360	Low
24/05/2019	Euro	400	405	400	405	Low
23/05/2019	Pounds	470	474	472	475	Low
23/05/2019	Dollar	358	360	358	360	Low
23/05/2019	Euro	400	405	400	405	Low
22/05/2019	Pounds	472	475	472	475	Low
22/05/2019	Dollar	358	350	358	360	Low
22/05/2019	Euro	400	405	400	405	Low
21/05/2019	Pounds	472	475	472	473	Low
21/05/2019	Dollar	358	360	358	360	Low
21/05/2019	Euro	400	405	400	405	Low
20/05/2019	Pounds	472	475	472	475	Low
20/05/2019	Dollar	358	360	358	360	Low
20/05/2019	Euro	400	405	400	405	Low
17/05/2019	Pounds	472	475	472	475	Low
17/05/2019	Dollar	358	360	358	360	Low
17/05/2019	Euro	400	405	400	404	Low
16/05/2019	Pounds	472	475	472	475	Low
16/05/2019	Dollar	358	360	358	360	Low
16/05/2018	Euro	400	404	400	404	Low
15/05/2019	Pounds	470	475	470	475	Low
15/05/2019	Dollar	358	360	358	360	Low
15/05/2019	Euro	400	404	400	404	Low
13/05/2019	Pounds	470	475	470	475	Low
13/05/2019	Dollar	358	360	358	360	Low
13/05/2019	Euro	400	404	400	405	Low
10/05/2019	Pounds	470	475	470	475	Low
10/05/2019	Dollar	358	360	358	360	Low
10/05/2019	Euro	400	405	400	405	Low
09/05/2019	Pounds	470	475	470	475	Low
09/05/2019	Dollar	358	360	358	360	Low
09/05/2019	Euro	400	405	400	405	Low
29/04/2019	Pounds	470	475	470	475	Low
29/04/2019	Dollar	358	360	358	360	Low
29/04/2019	Euro	400	405	400	405	Low
26/04/2019	Pounds	470	475	470	475	Low
26/04/2019	Dollar	358	360	358	360	Low
26/04/2019	Euro	400	405	400	405	Low
25/04/2019	Pounds	470	475	470	475	Low
25/04/2019	Dollar	358	360	358	360	Low
25/04/2019	Euro	400	405	400	405	Low
24/04/2019	Pounds	470	475	472	476	Low
24/04/2019	Dollar	358	360	358	360	Low
24/04/2019	Euro	400	405	400	405	Low
23/04/2019	Pounds	474	478	472	476	Low
23/04/2019	Dollar	355	360	358	360	Low
23/04/2019	Euro	390	402	400	405	Low
22/04/2019	Pounds	472	476	472	476	Low
22/04/2019	Dollar	357	360	358	360	Low
22/04/2019	Euro	400	405	400	405	Low
19/04/2019	Pounds	467	471	470	475	Low
19/04/2019	Dollar	355	360	357	360	Low
19/04/2019	Euro	395	400	402	406	Low
18/04/2019	Pounds	470	475	470	475	Low
18/04/2019	Dollar	357	360	357	360	Low
18/04/2019	Euro	402	406	402	406	Low
17/04/2019	Pounds	470	475	470	475	Low
17/04/2019	Dollar	357	360	357	360	Low
17/04/2019	Euro	402	406	402	406	Low
16/04/2019	Pounds	465	470	470	475	Low
16/04/2019	Dollar	360	365	357	360	Low
16/04/2019	Euro	400	405	402	405	Low

Data is collated from various black market dealers on the mainland and island parts of Lagos State where forex is sold. The price quoted daily on this page represents the average price obtained by our Research Team. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell. This is a daily tracker and updated close of business. See table below for parallel market exchange rate dating to 2019.

Business

Recession: Cost of governance in Nigeria unacceptable anywhere in the world – Peter Obi

Peter Obi has urged the Federal Government to reduce the cost of governance, so as to have enough funding for critical sectors.

Published

2 hours ago

November 30, 2020

William Ukpe

Recession: Economy should be redirected from wasteful-consumption to productivity — Peter Obi

The former Anambra State Governor, Peter Obi has said the cost of governance in Nigeria is too high, and urged that it should be reduced to have enough funding for critical sectors like education and health.

He also called on the FG to step back in infrastructure funding and provide the enabling environment for private-sector led infrastructural development in Nigeria.

Peter Obi disclosed this during an interview with Arise TV this morning.

He said, “The cost of governance in Nigeria is unacceptable anywhere in the world. I have operated it and I know that the cost is too much. People cannot put food on their table, whereas our leaders are still drinking champagne. These are the things we should be bothered about and reduced.”

He added that the cost need to be reduced to make way for more funding in education, citing the Covid-19 pandemic which exposed Nigeria’s deficit in human development spending compared to other developing nations as populated as Nigeria.

“We need to reduce it to have money for critical areas of education. What happened with Covid-19 has shown us the consequences of several years of bad leadership and not investing in the education or health sector. You could see it, countries spending billions on education, while we are spending nothing.

“Indonesia is investing $50 billion in education annually, and they are 250 million. We are 200 million and not even spending $2 billion on education. Comparing both populations, we are supposed to spend at least $35 -$40 billion on education, meanwhile that is our entire National budget,” he said.

He disclosed that as Governor, he cut costs of governance by buying government vehicles from local manufacturers, especially Innoson.

He urged for a focus on debt burden of the private sector, which is a sign that the private sector is taking the risks to grow the economy.

“We need to make the economy productive, and its not rocket science. All we need to do is check nations where debt increased in private sector; South Africa is $490 billion in the private sector compared to less than half of that for the public sector, which shows an economy that is working. In Nigeria’s case, its the reverse and we need to support the engine of growth,” he said.

He also added that the private sector be made to take off pressure from the FG in infrastructure debt by building roads and regaining revenue through means like tolling.

“For infrastructure development, the private sector needs to be brought in to drive the process of gaining funding from capital markets for infrastructure construction and get the revenues through tolls. Nigerians are willing to drive around in good roads that are tolled.

“It must be private-sector led to make it more effective, FG’s role is to support. It’s not rocket science, it has been done before in Anambra. What we need is to have people who are competent and wealth creators. Let’s do what others are doing to get their economy productive, we have people making money without doing anything,” he said.

What you should know

Nairametrics reported last week that Nigeria’s Gross Domestic Product (GDP) in real terms declined by -3.62% in Q3 2020, marking a full-blown recession and second consecutive contraction from -6.10% recorded in the previous quarter, Q2 2020.

In an earlier report, Obi stated that Nigeria needs to trim the unnecessary expenditure on its budget and redirect the economy towards a production-based one. He also warned that that the current recession would be worse than that of 2016, because debt raised by the administration was not properly invested.

The Minister for Finance, Budget and National Planning, Mrs. Zainab Ahmed, on Monday, November 23, 2020, said the country will exit recession by Q1 2021, as the Nigerian government is working towards reversing the declining economic trend in the country.

Corporate Press Releases

COVID-19: FirstBank launches next-generation ATM, spearheads innovation in electronic banking in Nigeria

FirstBank customers can now leverage the real-time mobile banking capabilities of their cellphones to activate cash withdrawals at the FastTrack ATM.

Published

3 hours ago

November 30, 2020

NM Partners

First bank, Dr. Adesola Adeduntan, CEO, FirstBank

In the light of COVID-19, FirstBank has launched the FastTrack ATM, a Next Generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM devoid of any form of physical interaction with the machine. The introduction of the FastTrack ATM which is done in partnership with Inlaks enables customers carry out cash withdrawals without having to touch the interface of the ATM.

With the FastTrack ATM, widely referred to as Touchless Solution, the customer carries out the transaction by using his or her mobile phone to perform the needed steps designed originally for implementation on the ATM. By using one’s phone, the transaction is carried out – in advance – through the Bank’s USSD or mobile banking option. Upon the schedule, the customer visits the FastTrack ATM to complete the transaction by tapping a contactless Near Field Communication (NFC) card on the ATM to withdraw his or her cash.

READ: Mobile Banking applications remain the most popular platform for digital banking

FirstBank customers can now leverage the real-time mobile banking capabilities of their cellphone to activate cash withdrawals at the FastTrack ATM. The ATM solution is the Bank’s response to control the spread of COVID-19, whilst promoting the safety of customers that carry out transactions at the ATM.

Speaking on the launch of the FastTrack ATM, Dr. Adesola Adeduntan, CEO, First Bank of Nigeria Limited said ‘at FirstBank, we are driven to provide seamless financial solutions to ensure our customers are able to timely carry out their transactions in safe, secured and efficient ways, thereby putting them ahead in digital banking, not just in Nigeria but Africa. We are delighted to set the pace regarding the use of the Next Generation ATM in Africa which enables customers to use their mobile phones to remotely initiate ATM-based cash withdrawals via our *894# USSD banking or FirstMobile application. At the core of our strategy lies innovation which is critical to adapting to the new normal’.

READ; Zenith Bank posts PBT of N177.3 billion in 9M 2020

According to Olufemi Adeoti, Managing Director, Inlaks, “given that consumers are more adaptable to mobile technology Inlaks – the Africa’s leading Information Technology Solutions provider together with Hyosung ATM OEM are partnering with FirstBank to introduce the first fully compliant COVID-19 FinTech ATM. This is in alignment with the ‘new normal’ desired customer experience which includes digitalization and delivering a secure contactless cash access to the bank’s FirstMobile customers for better user experience, simplicity, speed and convenience’’

In recognition of its giant strides at promoting electronic banking in the country, FirstBank’s mobile banking application – FirstMobile – was recently awarded the Best Mobile Banking App award 2020 in the Global Finance Best Digital Bank Awards 2020 as well as 2019 Best Mobile Banking App by Global Business Outlook.

READ: FBN Holdings announces N25 billion capital injection into FirstBank

FirstBank has been at the forefront of promoting electronic banking solution in Nigeria. In 2017, the Bank was recognized as the first financial institution in Nigeria and the West-Africa sub-region to issue 10 million ATM cards to customers across the country. The bank was the second in Africa to achieve the milestone.

These feats are achieved through the trusts in its industry-leading innovative banking solutions by over 10 million customers on its USSD *894# banking platform and over 4.1 million customers on its FirstMobile banking application, endearing the Bank to process about 30% of card transactions in the entire banking industry in the country.

About FirstBank

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading financial inclusion services provider in Nigeria for over 125 years.

With over 750 business locations and over 57,000 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and corporate financial services to serve its over 15 million customers. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

The Bank has been handy at promoting digital payment in the country and has issued over 10million cards, the first bank to achieve such a milestone in the country. FirstBank’s cashless transaction drive extends to having more than 9million people on its USSD Quick Banking service through the nationally renowned *894# Banking code and over 3 million people on FirstMobile platform.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is always to put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of the first choice in building your future”. Our brand promise is always to deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.