Naira slumps to 388 per dollar on official market, then recovers

Posted by News Express | 15 April 2020 | 938 times

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The Nigerian naira eased to an intra-day low of 388 per dollar on the official market, supported by the central bank on Wednesday, according to a Reuters report quoting traders.

The currency later recovered to close at 361 on thin volumes, the report said, adding that "the naira has weakened after the central bank last month adjusted the official exchange rate."

Source: News Express

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