Business Naira Crashes to All Time Low Against Dollar

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LequteMan

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The Nigerian Naira on Thursday depreciated further against the dollar at the Parallel market, hitting an all-time low.

The currency traded at N409 per dollar, as against the previous day when it traded at N402 to the greenback.

The same reason was given for the depreciation- dollar scarcity.

The suspension of some banks from forex trading also contributed, making dollars even harder to obtain.


Reuters
 

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