The Nigerian currency firmed sharply on the black market on Tuesday, gaining 9.65% to 435 naira against the U.S. dollar, traders said, citing central bank’s move to resume forex sales to bureaux de change. The currency, which had weakened to a low of 480 naira on the black market in recent months, firmed from its previous trade of 477 naira on Friday. On Monday, black market traders had refused to show quotes as panic set in following the central bank’s announcement about retail currency operators on Thursday. – Reuters Share this: Share on X (Opens in new window) X Share on Facebook (Opens in new window) Facebook Share on LinkedIn (Opens in new window) LinkedIn Share on WhatsApp (Opens in new window) WhatsApp Share on Telegram (Opens in new window) Telegram Like this:Like Loading… Related Post navigation Bitcoin Falls Most In Month As Momentum Shifts During Risk Rally Nigeria Says Can Tap Mineral Wealth Despite COVID, Unrest
