Naira falls to an all time low of N375 to $1 at the parallel market

Traders were left stunned on Thursday as the Nigerian naira traded weaker on the black market to 375 against the dollar. The Naira crossed 300 to the dollar for the first time on the inter-bank market after the Central Bank last month lifted its peg on the currency to allow it trade freely.

The inter-bank market traded a total of $7.27 million and after the market closed, a total of $7.10 million trades were done as low as 330.50 naira to the dollar.
                                                                                                                                          Read more »

 


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