3 Reasons why the Naira gained against the US Dollar in Parallel Market
(587 reads) See also ► Naira Depreciates To N1,180/$ In Parallel Market ► Nigerian Naira Falls To Record Low Of N1,515 /$1 At The Parallel Market
The Naira/Dollar exchange rate, which had hovered around N570 to N572 to a dollar since September, gained over 600 basis points to N535/$1 in the early hours of Thursday, last week as BDC operators hinged it to improved forex liquidity and decrease in demand. It currently trades between N545-N550 at the black market depend…
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