Naira’s Woes Persist, Falls N232 To US Dollar

Nigeria’s currency was quoted at a record low of 232 naira to the dollar on the parallel market on Monday down from 230 naira on Friday, traders said.

CBN LOGO

The naira has been under the ropes on the black market after the central bank two weeks ago curbed access to the dollar on the official interbank market for importers buying a wide range of goods, shifting demand for hard currency to the black market.

The currency traded at 198.50 naira on the interbank market.

Author: News Editor

2787 stories / Browse all stories

Related Stories »

Provide your email below, and we will notify you the latest news freely.

sjdating    

calendar »