Naira maintains stability across FX markets

Hope Ashike Oct 27, 2020

dollar rate — The foreign exchange market has been under pressure since March 2020 following a sharp drop in oil prices as a result of Covid-19 pandemic

Nigeria’s currency on Tuesday remained stable across segments of the foreign exchange market as dollar supply improves amid modest demand. Dollar still traded at N461 and N460 on the black market and Bureau De Change (BDC) segment of the FX market. Over 5,000 BDCs received dollar allocation worth over $50 million from the Central Bank…

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