News Formal

Naira falls to N1,420/$ at parallel market amid dollar scarcity

  • 📰 TheNationNews
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 69%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The Nation Newspaper Naira falls to N1,420/$ at parallel market amid dollar scarcity

The local currency which opened at N1,300 to dollar on Wednesday closed at N1,420 to dollar at the parallel market.

The settlement of the $7 billion verified forex backlog of forward commitments have boosted confidence and improved the credibility of the Central Bank of Nigeria .

 

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:

 /  🏆 6. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

CBN’s recall of BDCs into FX market boosts Naira, says GwadabeThe Nation Newspaper CBN's recall of BDCs into FX market boosts Naira, says Gwadabe
Source: TheNationNews - 🏆 6. / 69 Read more »