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Naira weakens again due to...

Naira weakens again due to dollar shortage,...

Naira weakens again due to dollar shortage, market uncertainty

Naira weakens again due to dollar shortage, market uncertainty Story by Jessica Mbamah  The naira on Friday depreciated to ₦1,538 per dollar in the parallel market, weaker than ₦1,535/$ recorded on Thursday. Similarly, in the Nigerian Foreign Exchange Market, the naira slipped to ₦1,503.5 per dollar from ₦1,503/$ on Thursday, reflecting a 50 kobo depreciation. Data published by the Central Bank of Nigeria on Friday confirmed the official exchange movement. Consequently, the margin between the parallel market and NFEM rate stood at ₦32/$, unchanged from Thursday. READ ALSO: Naira ends August with modest gain against Dollar in...

Naira weakens again...

Naira weakens again due to dollar shortage, market uncertainty Story by Jessica Mbamah  The naira on Friday depreciated to ₦1,538 per dollar in the parallel market, weaker...
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