Currency Dealers Open up on Why Dollar Is Crashing as Naira Appreciates in Official, Black Markets

Currency Dealers Open up on Why Dollar Is Crashing as Naira Appreciates in Official, Black Markets

Everything you need to know about Currency Dealers Open up on Why Dollar Is Crashing as Naira Appreciates in Official, Black Markets, featuring critical updates.

Legit.ng earlier reported that the Nigerian currency, the naira, gained over N80 against the US dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Thursday, March 21, 2024, following the announcement by the Central Bank of Nigeria (CBN) that it had cleared all valid FX backlogs.

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Data from NAFEM showed that during the mid-day trading, the naira traded at N1,382.35 per dollar before closing at N1,453 per dollar as against the rate it closed on Wednesday, March 20, 2024, at N1,536.83.

Source: Legit.ng

James H. Sterling
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James H. Sterling

James Sterling reports on renewable energy developments, climate policy, ecological conservation, and green tech innovations around the globe.