Naira Weakens to N1,100 on Parallel Market as Dollar Supply Shrinks
kolaking.substack.com
•Demand being driven as import bills rise on 43 unbanned items •I & E rate is N883 as arbitrage gap widens to N216/$ •Sells for N1,130 via transfers Nume Ekeghe The naira sustained its slide against the United States dollar yesterday, as it weakened to an all-time low on the parallel market where it sold at N1100/$1 for weaker than the N1,060/$1 it traded the previous day.
Naira Weakens to N1,100 on Parallel Market as Dollar Supply Shrinks
Naira Weakens to N1,100 on Parallel Market as…
Naira Weakens to N1,100 on Parallel Market as Dollar Supply Shrinks
•Demand being driven as import bills rise on 43 unbanned items •I & E rate is N883 as arbitrage gap widens to N216/$ •Sells for N1,130 via transfers Nume Ekeghe The naira sustained its slide against the United States dollar yesterday, as it weakened to an all-time low on the parallel market where it sold at N1100/$1 for weaker than the N1,060/$1 it traded the previous day.