The Nigerian naira demonstrated a remarkable appreciation against the dollar, closing at N786.02/$1 at the official market on Wednesday, November 1.Notably, the day saw a wide trading spread, with the intraday high hitting N1101.00/$1 and the low at N701.00/$1.
Conversely, the unofficial black market witnessed a 0.85% appreciation, quoting an exchange rate of N1170/$1. Peer-to-peer traders offered rates around N1180/$1, showcasing a disparity from the official market rates. The decision is part of a series of recommendations from the Presidential Fiscal Policy and Tax Reform Committee established by President Bola Tinubu in July.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: