Naira
According to analysts, there's a chance that naira appreciate starting this week as the FG plans to use the $2.25 billion World Bank loan that Nigeria was awarded.
The United States dollar, euro, and British pound are selling at new rates in the unofficial foreign exchange market as business activities resume.
The Central Bank of Nigeria is ready to provide the needed support to help the value of Nigerian currency improve against the dollar in the foreign exchange market.
The Nigerian naira has been relegated far behind as the Kenyan shilling emerged as Africa's best-performing currency following improved forex inflows.
The inability to obtain the forex needed to either return or transport their aircraft for inspections is causing domestic airline operators to consider closing down.
Since Dangote Petroleum Refinery began selling its products, marketers have lifted and distributed more than 25 million litres of automobile diesel.
Bureau De Change (BDC) operators have revealed that Nigerian currency improved against British pound, and euro as the country celebrates Eid-ul-Adha.
The total quantity of money in circulation at the end of May 2024 was N3.97 trillion, up 1.07% from the previous month according to a recent CBN data.
The naira depreciated across the official and parallel markets on Friday, with a likely possibility to influence the prices of food during the Sallah celebrations.
Naira
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