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♦  9iceunity (¥ 16921 NU) Star:Ultimate  Created Topics: 1684 Replies: 27 |
Posted on: 04:46 Tue, 16 Feb 2016
The Naira on Monday slumped further at the parallel market, NAN reports…
The Naira lost N5 to exchange at N340 to the dollar, a depreciation of 1.5 per cent.
The local currency last week fell from 310 to 338 as acute shortage of the dollar lingered as Nigerians scramble to get the greenback.
Meanwhile, the official Central Bank of Nigeria (CBN) rate remained at N197 to the dollar.
Traders at the market decried the increasing
fall of the nation’s currency, pointing out that
the market had remained dull as the scarcity of
the dollar stifles economic activities.
The Naira on Monday slumped further at the parallel market, NAN reports…
The Naira lost N5 to exchange at N340 to the dollar, a depreciation of 1.5 per cent.
The local currency last week fell from 310 to 338 as acute shortage of the dollar lingered as Nigerians scramble to get the greenback.
Meanwhile, the official Central Bank of Nigeria (CBN) rate remained at N197 to the dollar.
Traders at the market decried the increasing
fall of the nation’s currency, pointing out that
the market had remained dull as the scarcity of
the dollar stifles economic activities.
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