Naira Crashes Against US Dollar at Black Market as Nigeria's Foreign Reserves Hit 20-Month Low.

Nigeria's foreign reserves hit 20-Month lowThe value of the Naira recorded a mixed performance against the US dollar in the forex market At the official market, the naira appreciated, while at the unofficial fx market, Nigerian currency depreciated. This happened as CBN data shows that Nigeria's foreign reserves as dropped to 20-month low.

May 12, 2023 - 13:08
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Naira Crashes Against US Dollar at Black Market as Nigeria's Foreign Reserves Hit 20-Month Low.
Nigeria's foreign reserves hit 20-Month lowThe value of the Naira recorded a mixed performance against the US dollar in the forex market At the official market, the naira appreciated, while at the unofficial fx market, Nigerian currency depreciated. This happened as CBN data shows that Nigeria's foreign reserves as dropped to 20-month low.

Nigeria's foreign reserves hit 20-Month lowThe value of the Naira recorded a mixed performance against the US dollar in the forex market At the official market, the naira appreciated, while at the unofficial fx market, Nigerian currency depreciated. This happened as CBN data shows that Nigeria's foreign reserves as dropped to 20-month low.

SOURCE-LEGIT

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