Parallel market operators are quoting a buy price above N1,600/$1 for holders of naira looking to buy dollars, as the local currency faces rising pressure.
Checks indicate that the exchange rate has been weakening lately in line with the steady crash on the official market.
Accordingly, platforms such as; Trove, Remitly, Bamboo, and PiggyVest are selling the dollar above N1,630 as of Thursday, July 18, 2024.
According to the group, these charges have gone beyond hurting business margins to also suppressing innovation and weakening Europe’s competitive...
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