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Nairaland Forum / Nairaland / General / Business / Naira Pressure Continues On Increased Demand For Dollars (133 Views)
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Naira Pressure Continues On Increased Demand For Dollars by Parasolorg: 1:51pm On Jul 24, 2023 |
The foreign exchange pressure continued on Monday as Naira lost 0.57 percent (N5) on increased demand for dollars at the parallel market. One dollar was traded at N870 in some areas on Monday, which was lower than N865 on Friday on the black market. In some areas in Lagos, dollars were sold at N865. Traders attributed the naira depreciation to solid demand for dollars by travellers. At the Investors’ and Exporters’ (I&E) forex window, the naira weakened by 1.24 percent as the dollar was quoted at N777.82 on Monday as against N768.16 on Friday, data from the FMDQ indicated. Willing buyers and sellers maintained bids as high as N855.00 on Friday, which was weaker than the N844.00 bid on Thursday. The market auction also recorded lower bids of N665.00, stronger than the N700.00 bids maintained on Thursday at the I&E window. The daily foreign exchange market turnover increased by 33.95 percent to $77.99 million on Friday from $58.22 million recorded on Thursday. https://businessday.ng/news/article/naira-pressure-continues-on-increased-demand-for-dollars/
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Re: Naira Pressure Continues On Increased Demand For Dollars by Curious346: 1:52pm On Jul 24, 2023 |
750 a liter of fuel by August |
Re: Naira Pressure Continues On Increased Demand For Dollars by Curious346: 1:52pm On Jul 24, 2023 |
Then 827 per liter by October |
Re: Naira Pressure Continues On Increased Demand For Dollars by Curious346: 1:53pm On Jul 24, 2023 |
Then 995 per liter by December |
Re: Naira Pressure Continues On Increased Demand For Dollars by Parasolorg: 1:59pm On Jul 24, 2023 |
Curious346:Do you have any data to back it up |
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