in , , ,

Naira Now Exchanging at N1,500/$ in Parallel Market

naira now exchanging at n1500 in parallel market (via Primetweets)

At the parallel market, the Nigerian naira is currently exchanging N1506/$.

This is after it had previously sold at N1,410/$. 

However, at the official market, the Naira exchanged at N1,349 from the N891.90/$ it traded the previous day. The window also saw an intra-high of N1,410.

This was recorded amid the release of $500 million by the Central Bank of Nigeria (CBN) to various sectors to address the backlog of verified foreign exchange (forex) transactions.

Report

What do you think?

1.2k Points
Upvote Downvote

Leave a Reply

Avatar

Your email address will not be published. Required fields are marked *