Nigeria's naira falls to a record 980 on black market

📆 20/09/2023 22:24:00
📰 ReutersAfrica

⏱ Reading Time:
8 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 53%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Nigeria's naira fell to a record low on the black market on Wednesday, driven mostly by speculative demand as individuals turn to the dollar as a store of value, traders said.

The unit was quoted at 980 naira to the U.S. dollar on abokiFx, a firm that publishes online black market exchange rates for the currency, compared with 965 on Tuesday.

"The current free fall of the naira is mostly driven from speculation as the black market premium has reached 23.3%," one trader said.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Écrire un Commentaire

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Nigeria: Tinubu Woos ExxonMobil Chief, Says Nigeria Is Ready for BusinessPresident Bola Tinubu met with a delegation of global energy giant ExxonMobil, in New York, where he said, "Nigeria has never been more ready for business than it is now."
La source: allafrica - 🏆 1. / 99 Lire la suite »