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BREAKING: Naira Falls To N950/$ At Parallel Market (DETAILS)
BREAKING: Naira Falls To N950/$ At Parallel Market (DETAILS)
The Nigerian naira experienced a new record low against the US dollar, reaching N950 to one dollar in the parallel market on Thursday afternoon, according to information gathered by The Nation… CONTINUE READING
Earlier this week, the naira had been trading at N897 to one dollar.
In the official window, market data from Wednesday indicated that the naira closed at N782.38 per $1.
Street traders, commonly referred to as ‘abokis’, quoted the buying price of the dollar at N935 and the selling price at N950, resulting in a profit margin of N15.
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