Exchange rate gains at NAFEX window despite decline in forex supply
Nigeria's exchange rate appreciated against the US dollar on Wednesday to close at N410/$1.
Nigeria's exchange rate appreciated against the US dollar on Wednesday to close at N410/$1.
A growing number of Nigerians are not giving up on the crypto that has outperformed any Nigerian-based financial asset.
The naira depreciated against the US Dollar at the Investors and Exporters window on Tuesday to close at N410.67/$1.
Naira gained against the US dollar on Monday 19th April 2021 to close at N410.33/$1 as crude oil prices gained.
If approved, the digital currency would exist alongside other payment options, rather than replacing them.
Such report still casts a dark cloud over Bitcoin as almost $1.4 billion of longs were liquidated across major exchanges ...
For the day, about 1,018,638 investors had their account worth about $10 billion liquidated.
The global crypto market value was put at $2.03 trillion, a 10.42% plunge for the day.
Naira remained stable against the US Dollar at the NAFEX window on Thursday to close at N410.50/$1.
Naira appreciated against the US Dollar at the NAFEX window on Wednesday to close at N410.50/$1.