Saturday, May 14, 2016

One Dollar Now 360 Naira In Parallel Market


Naira Dollar Market

The naira has weakened further and now trades at 360 to a dollar at the parallel market. It would be recalled that only on Thursday it was at 341, but weakened further to 360 by yesterday, Friday.

The rise has been linked to the demand for dollars by fuel importers who are jostling to import the products amidst its increase.

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