Nigeria NGE ETF

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The Climb Back begins for Naira

The perception among traders, particularly speculators, is that the exchange rate will rise against the dollar in the coming days, forcing them to sell lower in order to avoid losing their shirts.

The foreign exchange market will be streamlined and restructured so that all rightful and proper transactions will be covered by the government and take place in the official foreign exchange market. Anything beyond that will be punished, considered a criminal offense, and illegal, according to Edun.

https://saharareporters.com/2023/10/27/nigerian-currency-naira-appreciates-against-dollar-parallel-market-after-long-recession