Banks, Dealers Adjust Exchange Rates as Dollar Crashes in Official Window, FX Reserves Rise

Banks, Dealers Adjust Exchange Rates as Dollar Crashes in Official Window, FX Reserves Rise …C0NTINUE READING HERE >>>

The Nigerian currency, the naira, experienced a turnaround in the official foreign exchange window on Thursday, October 24, 2024Amid the reported increase in Nigeria’s foreign reserves, the naira appreciated by almost N50 against the US dollarThe local currency traded at N1,601 per dollar as against the N1,650 it traded the previous day

Henzodaily.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

Amid the euphoria of Nigeria’s foreign reserves rising to $40.2 billion, the Nigerian naira has bounced back strong against the US…

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