Nigerian Naira Falls Against Dollar, Traders Quote New Exchange Rates
The Nigerian Naira depreciated by 0.39% against the US Dollar in the foreign exchange market, with traders quoting new exchange rates. Despite a sharp rise in foreign exchange inflow, caution prevails in the market as foreign investors show renewed interest in Nigerian assets.
The Central Bank of Nigeria (CBN) intervened by selling $50 million to support the market. The Naira's recent decline is attributed to various factors affecting the economy.
Plus234Feed summary based on reporting from Legit NG. Read the original report below.
Read full article
Continue on Legit NG
Share
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Free · one email per week · unsubscribe anytime
Related Stories
Business
Nigerian Naira Weakens as Traders and Banks Adjust Exchange Rates
Business
Nigerian Naira Weakens Against Dollar, Exchange Rate Gap Widens to N20
Business
Nigerian Naira Slumps by N0.99 Against Dollar at Official Window
Business
Nigerian Naira Depreciates by 0.98 Against US Dollar at Official Window
Business
CBN and Traders Announce New Naira to Dollar Exchange Rate Amid Weakening Naira
Business
Naira Depreciates Against Dollar, CBN Releases New Rates, Foreign Reserves Rise
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
