Naira gains at official market as new notes' scarcity bites harder

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 78%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Naira closed at N461.50 per $1 at the spot market on Wednesday, appreciating by 0.04 per cent.

Naira gained slightly against the United States dollar at the Investors and Exporters window on Wednesday , a day after it fell amidst scarcity of new naira notes in the country.

This became significant as forex supply within the business period skyrocketed by 30.1 per cent from $68.85 million recorded Tuesday. Currency dealers in Abuja said the dollar was exchanged at N765.00 to a dollar on Wednesday in the parallel market. This represents a N10.00 or 1.53 per cent depreciation from N755.00 per $1 it was exchanged Tuesday.

 

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:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines