Market News

Confusion as Naira Slumps to N452/$ on Parallel Market

The naira continued to plummet on the parallel FX market yesterday as it fell to N452 to the dollar, lower than the N445 to the dollar from the previous day as demand for the greenback continued to outweigh supply.

The spot rate of the naira also fell on the interbank FX market to N312 to the dollar, compared with the N308 from the previous day.

 

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Market News

Confusion as Naira Slumps to N452/$ on Parallel Market

The naira continued to plummet on the parallel FX market yesterday as it fell to N452 to the dollar, lower than the N445 to the dollar from the previous day as demand for the greenback continued to outweigh supply.

The spot rate of the naira also fell on the interbank FX market to N312 to the dollar, compared with the N308 from the previous day.

 

Read More

Comment here