Naira Now 460 To A Dollar

The Nigerian Naira plunged further to a new record low today, down 1.76 percent against the dollar on the parallel market even as dollar supplies dry up.

The currency fell to 460 to the dollar on the black market, down from 452 at the close of trading yesterday.

Though the naira closed at 305.50 to the dollar on the official interbank market against 305 a dollar the previous day, traders said dollar liquidity remains a major challenge in the market.

"Trading has continue to be thin on the interbank market as the dollar shortage persists while demand for the greenback remains strong," one dealer said.

LLB

LIKE OUR FACEBOOK PAGE BELOW
👇👇👇👇👇👇👇👇👇👇👇👇

ADVERTISE ON IDOTOB.COM  

Is something happening in your area that you want us to Post on Idotob.com? Send to +2349025234066

Like our Page on Facebook
Follow us on Twitter
Follow us on Instagram