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Topic: Naira rebounds, trades 850/dollar at parallel market  (Read 872 times)

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Naira rebounds, trades 850/dollar at parallel market
« on: August 17, 2023, 07:14:14 AM »
Naira rebounds, trades 850/dollar at parallel market

The naira rebounded against the United States dollar at the parallel market on Wednesday, closing at 850/dollar. This came about two days after the Central Bank of Nigeria announced its planned intervention in the foreign exchange market. The naira was sold for around 950/dollar at the parallel market on Monday. It gained further and closed


 
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