Naira Weakens to N600/$ at Parallel Market as Politicians Mop Up Dollars

Naira Weakens to N600/$ at Parallel Market as Politicians Mop Up Dollars

Kayode Tokede with agency report Politicians stocking up dollars ahead of political parties’ primary elections over the weekend have driven the naira to a new low of N600 to a dollar on the parallel market.A Bureau De Change (BDC) operators, Abubakar Mohammed, confirmed the current rate of the greenback to Bloomberg. The present parallel market […]
Source: Naira Weakens to N600/$ at Parallel Market as Politicians Mop Up Dollars

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post culled from thisdaylive