Business & Loans
Naira Falls Massively Again This Month, Edges Toward N600/$1 at P2P Market
Naira Falls Massively Again This Month, Edges Toward N600/$1 at P2P Market
Flippstack understands that the exchange rate between the naira and the US dollar closed at N417/$1 at the Investors and Exporters (I&E) window, where forex is traded officially on.
Naira recorded a marginal gain against the US dollar on Tuesday, after the long Easter holiday, appreciating by 0.12% to close at N417/$1, compared to N417.5/$1 recorded as of the close of trading activities last week Thursday.
However, a sum of $155.44 million exchanged hands on Tuesday, which is 20.81% lower than the $196.28 million traded in the previous trading session.
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