Business & Investment

Naira closes strongly in the black market and official rates are stable

Nigeria’s currency closed at N506 per dollar on Wednesday, 0.39% stronger than N508, but closed on Tuesday in a parallel market, also known as the black market. Naira plunged to $ 525 last week after the Central Bank of Nigeria (CBN) announced plans to stop selling dollars …

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Naira closes strongly in the black market and official rates are stable

https://businessday.ng/markets/currency-watch/article/naira-closes-strong-on-black-market-official-rate-stable/ Naira closes strongly in the black market and official rates are stable

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