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![Today's Naira Rate[22-08-2024]: Nigerian Naira Faces Pressure, Remains at N1600/$ Despite FX Market Gains](/data/attachments/207/207487-2f6d6883f23a034efccccca8e854a5ea.jpg?hash=PERHMQHP25)
Nigeria Today's Naira Rate[22-08-2024]: Nigerian Naira Faces Pressure, Remains at N1600/$ Despite FX Market Gains
The Nigerian naira remains at N1600/$ in the black market, despite recent improvements in Nigeria's foreign exchange market. The introduction of dollar bonds to increase liquidity hasn't eased the pressure on the naira, as it struggles against short sellers and global currency dynamics. The...- Nigeria News
- Article
- 1 min read
- dollar bonds naira black market naira exchange rate nigerian currency nigerian fx market
- Category: Business
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