Naira Depreciates Further in Official and Parallel Markets, Black Market Exchange Rates Fluctuate
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#f4e83713 ver:1.87

The Nigerian naira continues to depreciate in both the official and parallel markets, influenced by factors such as foreign currency availability, demand, inflation rates, regulations, policies, and political events. The black market exchange rate for 50 US dollars to naira is ₦74,000.00 - ₦74,500.00. Bitcoin and other digital currencies are also bearish, while the NASD OTC Securities Exchange ended May negatively. The CBN Governor attributes the volatility to seasonal demand, and the Presidential Committee on Fiscal Policy and Tax Reforms proposes a fixed exchange rate of N800 per dollar for Customs import duties. #NairaDepreciation #ForeignExchangeMarket #BlackMarketExchangeRate #Bitcoin #OTCExchange #CBN #CustomsDuties...

#newstr #Naira #Usd #BlackMarket #ExchangeRate 

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