Naira CRASHES To N1,210 Per Dollar
Category:
Business News
The value of the naira continued its downward spiral at the opening of business activities on Monday crashing at the parallel market to N1,210 to the dollar as against N1,170 which it closed last week.
At the Nigerian Autonomous Foreign Exchange Market (NAFEM), also known as the Importers and Exporters window, the naira depreciated last week by 5.4 per cent to NGN808.27 to the dollar.
Parallel market traders say the continuous decline in the value of the naira is due the scarcity of the greenback in the market.
The value of the naira continued its downward spiral at the opening of business activities on Monday crashing at the parallel market to N1,210 to the dollar as against N1,170 which it closed last week.
At the Nigerian Autonomous Foreign Exchange Market (NAFEM), also known as the Importers and Exporters window, the naira depreciated last week by 5.4 per cent to NGN808.27 to the dollar.
Parallel market traders say the continuous decline in the value of the naira is due the scarcity of the greenback in the market.
Make we no import or export again.
ReplyDeleteMake we just spend our Naira jeje na.
Abi
What type of useless money is this one
ReplyDeletethat's is what is happening in nigeria God have mercy on us please continue helping us
ReplyDelete