Thursday, 11 February 2016

Nigerian Naira depreciate at 318 to 1 Dollar

The naira on Wednesday continued its fall against the Dollar on the parallel market, closing at 318 against the United States dollar.

It was the third time in three days the naira would experience a drop. The currency, which was traded at 310 for a dollar on Monday and 313 on Tuesday, crashed again on Wednesday against the dollar, amid dwindling liquidity and now sells for N318.

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