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Dollar supply in the official foreign exchange market rose by 180.59 percent to $440.13m on Friday.
This is as the naira closed the week at N1435.53/$ on Friday after what was a turbulent week.
The improved liquidity is following moves by the Central Bank of Nigeria to stabilise the foreign exchange rate. Before closing at N1435.53/$ on Friday, the naira traded at an intraday high of N1526/$ and low of N838.96/$.
At the parallel market, on Friday, the naira closed at N1,420/$ with a steady demand for the greenback.
Local authorities have confirmed that At least 112 people have been killed by forest fires in Chile's ValparaÃso region. Gabriel Boric declared a state of emergency and said he would make "all necessary resources" available to tackle the situation. Rescue services have struggled to reach the most badly affected areas and Interior Minister Carolina Tohá said the death toll would "reach much higher figures" in the coming hours. The fire […]
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