Thursday, December 3, 2020
Home > news articles > Naira weakens by N3.50k as BDC await second allocation

Naira weakens by N3.50k as BDC await second allocation

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Nigeria’s currency on Wednesday weakened by N3.50k to an average rate of N443.50k per dollar from N440 on Tuesday on the black market. The depreciation was due to speculative activities of traders as the Bureau De Change (BDC) operators had yesterday funded their account in anticipation for the second tranche of the dollar allocation by…



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Akinola
Akinola
Akinola Olusegun is a blogger and publisher of this blog, money247.com.ng. You can also check out his other blogs : segtv.com.ng (videos & news), letgoonline.com.ng (e-commerce), letgoonline.com.ng/blog (news) among others. Follow him via any or all of his social media pages to get fresh posts update.
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