Naira weakens to N462.66k as dollar shortage pushes demand to black market

Naira weakens to N462.66k as dollar shortage pushes demand to black market


money

The foreign exchange pressure continued on Friday as Nigeria’s currency weakened by N0.67k against the dollar on the black market, due to increased demand amid a shortage. Some foreign exchange end-users, whose demands are not being met at the official market, go to the autonomous market to source for dollar. “We are now looking to…

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