Gap Between Official, Black Markets Widens as Naira Depreciation Begins Amid FX Turnover Decline

Gap Between Official, Black Markets Widens as Naira Depreciation Begins Amid FX Turnover Decline …C0NTINUE READING HERE >>>

The naira has begun another round of depreciation following slowed supply in the FX marketAccording to data from the FMDQ Exchange, the naira depreciated on Tuesday, September 3, 2024, in the official and parallel marketsThe depreciation led to the widening of the gap between the official and black markets to 49.23 per dollar

Henzodaily.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

There are signs that another round of naira…

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