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Thursday, 18 February 2016

Naira on a Free Fall: US $ now ₦385, £ now ₦505 in Black Market

The Nigerian Naira is on a free fall in the parallel market, while official interbank rates remain stable. According to Vanguard, the demand for dollars to pay for Chinese goods is part of the reason for the latest decline. According to a BDC operator who spoke on condition of anonymity, “You know China had been on […]
Read article Naira on a Free Fall: US $ now ₦385, £ now ₦505 in Black Market»

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