The Naira yesterday depreciated to N1, 570 per dollar in the parallel market from N1,550 per dollar on Tuesday. Similarly, the Naira depreciated to N1, 581.65 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from FMDQ according to our source; Vanguard, showed that the indicative exchange rate for NAFEM rose to […]
Tag: dollar
Forex crisis: CBN likely to flood market with dollar
• Tinubu okays apex bank’s plans to stabilise currency volatility • How to strengthen Naira, by experts • CBN hammer to fall on speculators The Central Bank of Nigeria (CBN) has concluded plans to stem the continuous slide of the naira against the dollar. Top of these plans is to flood the market with […]