Naira Records 10% Surge Against Dollar Amid Efcc’s Crackdown On Speculators - Business - Nairaland
Nairaland Forum / Nairaland / General / Business / Naira Records 10% Surge Against Dollar Amid Efcc’s Crackdown On Speculators (172 Views)
₦1,136 To ₦1,148: Naira Records First Depreciation Against Dollar In Months / US Dollar Supply Surges By 51% In Forex Market As Naira Records Gain / FG Moves To Digitise FX Transactions To Punish Naira Speculators (2) (3) (4)
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| Naira Records 10% Surge Against Dollar Amid Efcc’s Crackdown On Speculators by Mateco556: 12:44pm On Apr 29 |
The naira experienced a significant turnaround over the weekend, marking a notable gain of 10% against the US dollar. The currency, which had been trading around N1,400 to a dollar at the close of business on Friday, saw a remarkable shift as it broke below the N1,300 resistance level at the parallel market, settling at N1,270-1,275 against the dollar. This rapid appreciation of the naira comes amidst heightened demand for dollars in the parallel market, driven by both banks and end-users. The slow disbursement of forex... https://ratecaptain.com/naira-records-10-surge-against-dollar-amid-efccs-crackdown-on-speculators/ |
| Re: Naira Records 10% Surge Against Dollar Amid Efcc’s Crackdown On Speculators by Efuaye(m): 2:01pm On Apr 29 |
Production and export are the only valuable ways to make the Naira gain appreciable value against the Dollar. This so-called Naira defense is not sustainable |
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The Danger Of Making Money Your Top Priority / Time Management Is Money Management / Naira Sells At N366/$ As Dollar Scarcity Hits Black Market
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