Naira falls at official market amid cash crunch

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

Naira closed at N461.60 per $1 at the spot market on Wednesday, depreciating by 0.1 per cent.

Naira fell slightly against the United States dollar at the Investors and Exporters window on Wednesday, a day after it recorded marginal gain at the spot market in the midst of currency scarcity across the country., where forex is officially traded, the local currency closed at ₦461.60 per $1 on Wednesday.

The Naira which opened the day’s trading at N461:35 per $1, hit an intraday high of N446.00 and declined to a low of N462.01. The local unit eventually settled at N461.60 on Wednesday with $81.95 million posted as forex supply within the business period.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why posting old notes 🤔🤔

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 BUSİNESS

Business Business Latest News, Business Business Headlines