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

James H. Sterling • • 4 min read
Currency Dealers Open up on Why Dollar Is Crashing as Naira Appreciates in Official, Black Markets

Take a closer look at Currency Dealers Open up on Why Dollar Is Crashing as Naira Appreciates in Official, Black Markets in this comprehensive feature.

The Nigerian currency gained in the parallel market on Friday, March 22, 2024.

The naira gained two per cent from the N1,500 recorded on March 20, 2024.

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BDC operators tell CBN what to do for naira to continue gaining against dollar

Bureau de Change (BDC) operators quoted the buying rate of the dollar at N1,430 and the selling price at N1,470 per dollar, leaving a disparity of N40.

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.