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

  • 📰 thecableng
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 80%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines