Tag
CRYPTO
Naira appreciated further on Friday at the NAFEX window to close at N410 to a dollar.
The naira remained stable at the parallel market to close at N485/$1 on Monday.
The main reason for it being able to touch new heights is probably because it has the strong support of many major companies and investors.
A renowned crypto strategist has revealed altcoins that are likely to perform well in the coming months.
Nigeria's exchange rate appreciated against the US dollar on Wednesday to close at N410/$1.
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.
A domestic investor should focus on companies that have either better endured or increased their sales channels beyond the pre-pandemic levels.
Such report still casts a dark cloud over Bitcoin as almost $1.4 billion of longs were liquidated across major exchanges within an hour.
Naira depreciated against the US dollar on Friday 16th April 2021 to close at N411 to a dollar as bitcoin slumps by 15%.
The flagship crypto traded at $62,645.26 with a daily trading volume of about $60 billion.