Naira appreciates to N1,150/$ at parallel market as 'FX scarcity wanes'

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Nigeria's independent online newspaper

Speaking to TheCable in Lagos, currency traders, also known as Bureaux De Change operators , said the scarcity of the greenback was beginning to wane at the black market.

Meanwhile, the local currency appreciated by 5.68 percent at the official market to close at N789.94 to the dollar on Friday — from N837.49/$ on Thursday. October 23, 2023, Wale Edun, minister of finance and coordinating minister of the economy, said Nigeria expects $10 billion in foreign currency inflows in the next few weeks to ease liquidity in the foreign exchange market.

 

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