News Formal

BREAKING: Naira hits all-time low, trades N1,000/$ at parallel market

  • 📰 thecableng
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 80%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The naira has depreciated against the dollar at the parallel market.

Nigeria’s local currency, the naira, has set a new record, falling to its lowest against the dollar at the parallel market.

Currency traders in Lagos, also known as Bureaux De Change operators , quoted the naira at N1,000 to the greenback at the street market. The traders, on Tuesday, put the buying price of the dollar at N990 and the selling price at N1,000 — leaving a profit margin of N10 .Advertisement

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 MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Naira appreciates to N993/$ at parallel market as demand moderatesThe naira, on Monday, appreciated at the parallel market to trade at N993 per dollar.
Source: thecableng - 🏆 2. / 80 Read more »

Naira crisis: Release funds to restore confidence in forex marketA financial expert, Idakolo Gbolade, says the Central Bank of Nigeria should release funds to restore confidence in the country's foreign exchange market
Source: DailyPostNGR - 🏆 11. / 59 Read more »