Dollar sells for N450 in parallel market
Published April 27, 2020
Nike Popoola
The dollar sold for N450 in the parallel market on Friday, showing a shallow and dry reflection of the foreign exchange market.
Impact of the crude oil prices which had been fluctuating, and fell to as low as $21, had also been taking its toll on the strength of the naira.
The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, said, the N450/$ rate that closed the week (Friday) was a reflection of the shallowness and dryness of the foreign exchange market.
Source:https://punchng.com/dollar-sells-for-n450-in-parallel-market/
Published April 27, 2020
Nike Popoola
The dollar sold for N450 in the parallel market on Friday, showing a shallow and dry reflection of the foreign exchange market.
Impact of the crude oil prices which had been fluctuating, and fell to as low as $21, had also been taking its toll on the strength of the naira.
The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe, said, the N450/$ rate that closed the week (Friday) was a reflection of the shallowness and dryness of the foreign exchange market.
Source:https://punchng.com/dollar-sells-for-n450-in-parallel-market/
