Naira at record low days after Osinbajo’s criticism of CBN forex policy
The currency traded at N415.10 to the dollar.
The currency traded at N415.10 to the dollar.
At the black market in Abuja, dealers exchanged the naira at the range of N567.00 and N568.00 per $1 on ...
Foreign exchange supply plummeted by 45.10 per cent.
Foreign exchange supply plummeted by 77.00 per cent to $108.83 million.
At the black market in Abuja and Lagos, dealers exchanged the naira at N570.00 per $1 on Thursday.
The currency closed at a not very comfortable rate though.
The currency didn't do well at the black market either.
The currency has failed to make quality gain at the black market too.
Naira closed at N413.68 per $1, a 0.2 per cent decline from N412.88 it exchanged on Friday.
On Thursday, it opened at N562 per $1 in the morning, rose to N565 at noon, before closing at N570.
The currency gained marginally against the hard currency at the official market.
The plunge continued at the official and black markets.
The currency hit a low of N545, its steepest ever.
The currency also fell at the official market.
The local unit weakened against the U.S dollar at the official market on Wednesday as foreign exchange supply rose significantly.
The currency was stable at the black market.
The currency gained at the Investors and Exporters (I&E) window where the currency is officially traded.
The currency was stable at the black market.
The currency also fell at the official market.
It comes a day after the currency hit an all-time low Monday.
The currency, however, managed to scrap meagre gain at the official Nafex window.
The domestic unit closed at N524.00 for $1 at the black market window on Friday.
The currency gained at the official market session as forex turnover plummeted at the close of the trading segment.
The local currency remained stable at the black market.
The currency stayed unchanged at the parallel market.
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