Wednesday, 12 April 2017

Naira Is On A Free Fall Downwards Again..

The Nigerian naira lost more ground to the dollar at the parallel market on Tuesday, despite intervention of the Central Bank of Nigeria (CBN).

Naira traded at 410 to the dollar at the parallel market, from about 405 at the close of business on Monday. The British pound and euro traded at N490 and N430 respectively.

At the official side of the market, the naira also exchanged at 306 to the greenback.

Edited from The Cable

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