Naira gains at official market

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Black market dealers have struggled to trade after abokiFX.com stopped publishing rates after the CBN threatened its owner.

Naira clinched a meager gain against the U.S. dollar at the official market on Tuesday as foreign exchange supply increased.where forex is officially traded showed that the naira closed at N413.28 per $1. This represents a N0.40 or 0.10 per cent appreciation from N413.68 it exchanged on Monday.

The forex turnover increased 60.30 per cent with $200.65 million posted at the official Nafex window against the $91.23 million recorded in the previous session on Monday. Naira hit an intraday high of N404.00 and a low of N414.50 at the trading session before closing at N413.28 on Tuesday.Meanwhile, forex dealers in Uyo and Abuja who spoke to PREMIUM TIMES on Tuesday said the currency closed at N 565.00 and N571.00 per $1 at the black market.

Dealers said some have struggled to trade after abokiFX.com, a website that collates parallel market rates in Lagos, stopped publishing parallel market rates on Friday, after the Central Bank of Nigeria threatened its owner.

 

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At 50 kobo 🤣🤣🤣

Naira just be like shitcoin. Gain once lose twice. SMH

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Naira loses against dollar at official marketNaira closed at N413.68 per $1, a 0.2 per cent decline from N412.88 it exchanged on Friday. Leemaaaooo That’s what you get when you impose a nepotistic ignorant and clueless man on a people as their leader How much is it selling at black market ATM though?
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