Naira Falls 1.02% After Closing Steady For 7 Days At Official Market

Most currency traders who participated at the foreign exchange auction on Wednesday maintained bids between N460/$1, lower and N467/$1, higher bid.

President Bola Ahmed Tinubu had in his inaugural speech on May 29, 2023 signalled plans for a single exchange rate. He said monetary policy needs thorough house cleaning and that the Central Bank must work towards a unified exchange rate. “The naira volatility has underpinned our slow economic growth and fuelled an inefficient informal market,” Aminu Gwadabe, national president, Association of Bureau De Change Operators of Nigeria .

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Naira hits new low at official marketThe fall of the naira at the official window comes less than two weeks after Nigeria’s newly sworn-in president, Bola Tinubu, during...
Fuente: PremiumTimesng - 🏆 3. / 78 Leer más »

Naira hits new low at official marketThe fall of the naira at the official window comes less than two weeks after Nigeria’s newly sworn-in president, Bola Tinubu, during...
Fuente: PremiumTimesng - 🏆 3. / 78 Leer más »

Worsening Creditworthiness In Emerging Market Dampens Global EconomyThe global economy market has become susceptible to additional shocks, vulnerabilities and increasing risk of low creditworthiness in emerging market due to
Fuente: LeadershipNGA - 🏆 4. / 77 Leer más »