Naira plunges across forex segments amidst healthy system liquidity blueprint.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blueprint.ng Daily Mail and Mail on Sunday newspapers.
Despite the value of the naira against dollar hitting N1,020 at the end of last month, there was an increased inflow of foreign exchange into the official
External Reserves Marginally Gained $1.87m in August thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
During the past week in the foreign exchange market, the Nigerian naira experienced depreciation against the US dollar at the parallel market, sliding by N14 or 1.61% week-on-week to N881/$1 from N867/$1. This decline was attributed to the persistent dollar shortage and speculative activities, while manufacturers and importers continued to seek easier access and availability |