Naira in another record fall at black market

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

The currency also fell at the official market.

fell significantly against the U.S. dollar at the black market on Thursday as the currency exchanged hands with the greenback currency at N540.00, the lowest rate ever traded at the segment.Similarly, the domestic currency fell slightly against the U.S. dollar at the official Investors and Exporters window as the foreign exchange supply decreased sharply.

This implies a N0.17 or 0.04 per cent depreciation from the N411.50 rate it traded in the previous session on Wednesday. This became effective as forex supply decreased by 61.20 per cent with $114.68 million recorded at the market session against the $295.39 million posted in the previous session on Wednesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Naira gains at official marketThe currency was stable at the black market.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Naira gains at official marketThe currency was stable at the black market.
Source: PremiumTimesng - 🏆 3. / 78 Read more »