Business
Naira Strengthens To N1400/$ At Parallel Market As Speculators Dump Dollar “Stock”
The naira strengthened on Wednesday to close at N1400/$1 in the parallel section of the foreign exchange market.
Reports said that the exchange rate had been gaining lately as speculators started to dump their hoards of dollars following waning demand.
Access Bank Set To Purchase National Bank Of Kenya
Multiple sources who operate in the parallel market disclosed that the naira would appreciate from N1600/$1, which it closed yesterday, to N1500/$ (some quoted N1550/$1) if they were to sell it.
Richard Hughes Named New Liverpool Sporting Director
Bureau de Change (BDC) operators quoted the buying price of the naira at N1400/$1, allowing them to make a spread of N100/$1.
Send Us A Press Statement Advertise With Us Contact
And For More Nigerian News Visit GWG.NG
