Dollar demand rose following this week's suspension of individual card withdrawals abroad by commercial banks
PHOTO
ABUJA- Nigeria's naira hit a record low of 585 naira per dollar on the black market on Friday, as dollar demand rose following this week's suspension of individual card withdrawals abroad by commercial banks.
The currency was quoted at 585 naira per dollar on the unofficial market, weaker than 583 naira in the previous session, traders said. It traded within a range of 413 to 417 naira on the official market.
(Reporting by Chijioke Ohuocha; editing by Jason Neely)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© ZAWYA 2024
