Tag: foreign exchange

As Currency Woes Deepen, Naira crashes to N470/$1

The exchange rate at the parallel market fell to another new 3-year low closing at N470/$1 on Wednesday, July 15, 2020. However, on the officially recognized NAFEX Market, the forex turnover rose by 44.9% while the exchange rate depreciated closing at N386.50/$1.        Parallel Market: At…

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