Naira Decline To N881/$ Amidst Dollar’s Three-month Low - Business - Nairaland
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| Naira Decline To N881/$ Amidst Dollar’s Three-month Low by Mateco556: 11:05am On Nov 29, 2023 |
In a mid-week trading session, the Naira faced a decline against the U.S. dollar, hitting N881.88/$1, down from N814.60/$1 on Monday, as reported by official data from FMDQ. This depreciation continued on the black market, where the Naira fell to N1160/$1 on Tuesday from N1,115/$1 on Monday. The persistent devaluation of the Naira has been attributed to short sellers who maintain their positions despite recent assurances from Mr. Yemi Cardoso, stating that.......... https://ratecaptain.com/naira-decline-to-n881-amidst-dollars-three-month-low/ |
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