Naira slumps to 452/$ as speculations, debt weaken market

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

The dollar exchanged for N452 at the parallel market on Wednesday over speculations by operators in the market and the effect of the country’s rising foreign debt.

The Central Bank of Nigeria resumed foreign exchange sales in April ending to commercial banks, to be made accessible to customers wishing to pay school fees, and businesses making essential imports needed to revamp economic activities across the country.

The continued ban placed on flights in the country by the Federal Government had further affected access to forex by Bureau de Change operators, but the regulator had assured them forex would be extended to them when flights resume. He said, “Speculators are taking advantage of the fact that the major source of foreign currency liquidity is now foreign debt not petro dollars.

He added, “The parallel market rate has jumped to N452/$ today and the trajectory, going forward, is worrisome and disturbing except the BDCs are returned to essential services.”

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 8. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Naira Marley: Aviation company regrets flying 'bunch of useless people'Embattled aviation company, Executive Jets Services Limited, has apologised for flying singer Naira Marley to Abuja for a concert. 😀😂🤣🤣 Smh 🤣😂 Marlians are useless 😅
Herkunft: PremiumTimesng - 🏆 3. / 78 Weiterlesen »