MARKET NEWS

Naira value falls to N480 against dollar on black market - BUSINESSDAY

NOVEMBER 20, 2020

… CBN amends third party FX purchase guideline

BY Hope Ashike

Nigeria’s currency weakened further in value on Thursday by N3, exchanging at N480 with the dollar compared to N477 traded on Wednesday on the black market. The continued pressure on the naira was attributed to speculative activities as individual are buying and storing the greenback. The foreign exchange market has been under pressure since March.

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