News Formal

Naira gains against Dollar, exchanges at 790/$1 in official forex market

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The Naira appreciated at the close of work on Wednesday against the Dollar as it exchanged at N790/$1 at the official window. This is according to FMDQ Wednesday's forex trading report. Wednesday's rate of N790/$1 represented a N58 disparity from the N848/$1 traded on Tuesday.

However,

reported that Naira had continued its free-fall at the parallel market, exchanging between N1060 and 1100 against a Dollar. This indicates that the disparity between the official and parallel market is widening drastically, worsening the forex crisis. The development is amid a move by the Central Bank of Nigeria to stabilize the country's forex market by lifting the restrictions on rice, cement and 41 other items.

recalls that since the floating of Naira on June 14 at the forex market, the country's currency had continued to depreciate.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 11. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Naira Falls To Lowest N848/$ At Official MarketNigeria’s naira closed trading at a record low of N848 per dollar on the official market yesterday, according to data from FMDQ, as dollar shortages persist.
Bron: LeadershipNGA - 🏆 4. / 77 Lees verder »

Forex crisis defies CBN reforms as Naira hits record low of N848/$ on official marketNigeria's forex crisis has defied the Central Bank of Nigeria's recent reforms as the Naira closed trading at a record low of N848.12 per dollar on the official market on Tuesday. FMDQ's official data on its website said that the country's currency continued to depreciate as dollar shortages persisted. The N848.
Bron: DailyPostNGR - 🏆 11. / 59 Lees verder »