WEEKAHEAD-FX: Naira seen trades between N362/N363 to U.S Dollar

Date:

Nigeria’s naira is seen trading within its current range of 362 to 363 next week, supported by dollar inflows from exporters, traders said.

Thank you for reading this post, don't forget to subscribe!

Last week, the naira was quoted as weak as 364 per dollar for investors after liquidity thinned out. One trader said dollar supply had improved but there was still ample demand, owing to Nigeria’s reliance on imports.

On the official market, supported by the central bank, the unit weakened slightly to 306.50.

Naija247news
Naija247newshttps://www.naija247news.com/
Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

Share post:

Subscribe

Popular

More like this
Related

“This entertainment industry is so dark cos people in it are so vile – Actress Uche Ogbodo

March 19, 2024. Azonuchechi Chukwu. Actress Uche Ogbodo has said the...

SSANU begins 7-day warning strike

March 19, 2024. Azonuchechi Chukwu. The Senior Staff Association of Nigerian...

Gunmen kill church general overseer and pastor in Akwa Ibom

March 19, 2024. Azonuchechi Chukwu. Gunmen have killed the founder of...

Police Arrest 16-year-old boy for defiling schoolmate in Port Harcourt

March 19, 2024. Azonuchechi Chukwu. The Rivers State Police Command has...

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading