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HomeBusiness NewsNaira in Freefall, Slumps to New Low Against Dollar

Naira in Freefall, Slumps to New Low Against Dollar

The free fall of the naira versus the US dollar has resumed in the international currency market.

The Naira lost value against the dollar on Thursday, falling to N1402.67 from N1,390.96 on Tuesday, according to FMDQ statistics.

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In comparison to the N1,390.96 reported on Tuesday, this indicates a loss of N11.71.

The Naira strengthened against the dollar in the parallel market, moving from Tuesday’s N1360 to Thursday’s N1340. [CONTINUE READING HERE]

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