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Topic: Naira Hits New Low Of N1,415/$ At Parallel Market  (Read 816 times)

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Naira Hits New Low Of N1,415/$ At Parallel Market
« on: January 26, 2024, 10:22:20 am »
Naira Hits New Low Of N1,415/$ At Parallel Market

Nigeria’s currency fell to a record low of N1,416 per dollar at the parallel market following strong demand amid shortage as traders hoard the available dollars. This indicated a 15.19 per cent depreciation year-on-year when compared to N1,200 at the beginning of the month. “Some people are hoarding the dollars waiting for when the demand […]

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