News Formal

Naira Gains Further on Parallel Market

  • 📰 THISDAY LIVE
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Obinna Chima The naira extended its gains on the parallel market yesterday as it closed at N508 to a dollar, stronger than the N512 to a dollar it ended the previous day. This represents an appreci…

The naira extended its gains on the parallel market yesterday as it closed at N508 to a dollar, stronger than the N512 to a dollar it ended the previous day.

Market watchers attributed the development to increase forex supply in the system as well as measures to address arbitrage in the market. The bank’s Acting Director in charge of Corporate Communications, Osita Nwanisobi, dismissed insinuations in some quarters that the central bank planned to convert FX in the domiciliary accounts of customers into naira in order to check purported shortage of availability of the dollars.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 14. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Naira gains at black marketThe currency declined Monday at the official market.
La source: PremiumTimesng - 🏆 3. / 78 Lire la suite »

Naira maintains gain at black marketNaira was stable at the official Nafex market.
La source: PremiumTimesng - 🏆 3. / 78 Lire la suite »