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


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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