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

Naira weakens as external reserves decline by $$31.16m

Nigeria’s currency on Monday weakened by N1.00k as the dollar traded at N458 compared with N457 traded on Friday on the black market. 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. Naira remained stable as the dollar was sold…



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