Naira in another record fall at official market

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The currency exchanged hands with the greenback at N422.07 per $1.

weakened further against the U.S. dollar at the official market on Thursday, after reaching a record low on Wednesday, following Vice president Yemi Osinbajo’s criticism of the central bank’s forex policy.

“As for the exchange rate, I think we need to move our rates to [be] as reflective of the market as possible. This, in my own respective view, is the only way to improve supply,” the vice president said.Data published on FMDQ securities exchange window where forex is officially traded showed the currency exchanged hands with the greenback at N422.07 per $1 on Thursday, the lowest rate ever recorded at the official window.

 

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

myhfuntua

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:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines