The foreign exchange (FX) market opened on Monday with the naira/dollar exchange rate quoting at N1,020/$ as rally pauses on the parallel marketfollowing uncertainty around the government’s FX policies.
At the weekend, the naira strengthened to 950 per dollar on the black market, following some positive sentiments around government plans to shore up dollar liquidity in the foreign exchange market.
Diabetes responsible for 70% of 1.6m Nigerians living with amputation
SPONSOR AD
The scramble for Nigeria’s solid minerals
However, The NAFEX which opened at N800, appreciated to N809/USD, while the BDC rate which opened at N1,020/USD appreciated to N1,005/USD.
Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.
