Naira Suffers Major Setback

The naira has suffered a major setback, losing N5 to close at N550 to dollar at the parallel market.

The currency has been under pressure for nearly two weeks, losing significantly at the official and parallel markets due to scarcity of dollars under a very high demand from manufacturers and foreign exchange end users.

The naira exchanges at N410.51 to the dollar at the official market.

CC: Nation

Leave a Reply

Your email address will not be published. Required fields are marked *