BusinessDay
Nigeria's leading finance and market intelligence news report.

Naira falls as FX turnover declines by 62.87%

..N474.9bn from maturing OMO, NT-bills to hit money market Thursday

The value of Nigeria’s currency dropped by N1.50k as the dollar traded at an average rate of N459.50k on Wednesday from N458 on Tuesday on the black market. Naira depreciation was attributed to dollar shortages in spite of the twice weekly supply of the greenback to the Bureau De Change (BDC) operators by the Central…



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