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

Naira strengthens ahead of central bank’s dollar allocation to BDCs Monday

...analysts see MPC holding benchmark rate at 12.5% Tuesday

Nigeria’s currency at the weekend appreciated by N0.67k as the dollar traded at an average rate of N464.33k, from N465 traded on Friday on the black market. The naira appreciation is a result of a slowdown in demand for the greenback by the end-users. This is also happening ahead of the dollar allocation to about…



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