Parallel market trades at N500 to dollar as CBN adjusts exchange rate
By Tribune Online
Parallel market trades at N500 to dollar as CBN adjusts exchange rate
The unofficial (parallel market) foreign exchange market has re- sponded to the fresh devaluation of the naira amidst growing foreign exchange illiquidity. The local currency weakened to N500/$ at the black market over the weekend through Monday. The Central Bank of Nigeria (CBN) weakened the naira for the third time this year as the regulator […]
Parallel market trades at N500 to dollar as CBN adjusts exchange rate
Tribune Online