Showing posts with label Nigeria exchange rate. Show all posts
Showing posts with label Nigeria exchange rate. Show all posts

Thursday, February 11, 2016

Naira hits record low of 321 on dollar shortage

The is the worst exchange rate Nigeria has ever experienced.

The Naira sank to a re­cord low of N321 to the dollar on the par­allel market on Thursday, as importers desperate to meet their obligations scrambled for dollars.

The Central Bank of Nigeria (CBN) left its official rate un­changed a...
Naira hits record low of 321 on dollar shortage

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