Naira firms on parallel market as CBN sells dollars

Nigeria’s central bank sold $80 million to bureaux de change (BDC) operators on Wednesday, at N197, helping the local currency strengthen on the parallel market, the president of the association of forex dealers, said. The naira was quoted at N221 on the parallel market, up 1.36 percent on the day, after dollar liquidity rose, traders…

This content is for Standard & Premium Digital Subscribers only.
Log In Subscribe

Related Posts