Nigeria's naira extends losses on official market

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 53%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Nigeria's naira hit a record low of 460.20 to the dollar on the official market on Wednesday, down from its opening position of 454.98 naira, as trading resumed after the Christmas holiday, Refinitiv data showed.

The currency hit a low of 460.20 naira by 11:04 GMT, down from its opening position of 454.98 naira, Refinitiv data showed.The currency has fallen to successive lows across both the official and black markets due to dollar scarcity since last year after the central bank intervened to ease pressure on the spot market, where the naira has been trading within a range.

"The scarcity is still there yet clients are doing trades with guides from the regulator," the trader said. The naira dropped to a two-month low on the official market last week and weakened across the board on the forwards market.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

GodwinIEmefiele ZShamsuna. Nigeria's currency has consistently depreciated in the face of persistently high oil prices. Isn't this another evidence of gross mismanagement as majority poor citizens continue to suffer diminishing purchase power. God bless Nigeria🙏

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 31. in BR

Brasil Últimas Notícias, Brasil Manchetes