Naira Gains Big, Rises To N535/$1 At Black Market - Investment - Nairaland
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| Naira Gains Big, Rises To N535/$1 At Black Market by Litmus: 10:25am On Nov 17, 2021 |
The exchange rate between the naira and dollar strengthened to N535/$1 at the black market a significant rise from N570/$1 which it has traded at for days now. Nairametrics confirmed this through multiple BDC operators who also trade at black market prices. The last time the exchange rate traded as low as N535/$1 was in the early September suggesting this is a two month high for the local currency. Why is the Naira appreciating? Nairametrics interviewed some key players in the FX market to find out the reason for the recent appreciation. Lucky F. Agana, managing director of Gulkay integration services said the appreciation of the Naira is directly related to CBN’s intervention in the market https://nairametrics.com/2021/11/10/naira-gains-massively-to-n535-1-at-black-market-as-cbns-forex-policy-scores-major-point/ |
| Re: Naira Gains Big, Rises To N535/$1 At Black Market by Nobody: 10:58am On Nov 19, 2021 |
Naira wey we know
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