Not Again! Naira Crashes Against Dollar, Checkout New Rate - Business - Nairaland
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Again Naira Falls, Sells At N465 Per Dollar / Naira Crashes To 288/dollar At New Official Market / Naira Crashes As FG Denies Currency Swap Deal (2) (3) (4)
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| Not Again! Naira Crashes Against Dollar, Checkout New Rate by heshyung(m): 3:51pm On Jul 27, 2016 |
The Nigerian currency, Naira has continued its free fall at the parallel market as it dropped 2 points to trade at N377/$1 today, July 27. This comes hours after the local currency had rallied back to regain strength over the dollar, trading at N375/$1 yesterday, from the N378/$1 rate it was on Monday, July 25. However, a Bureau de change source in Lagos state, urged the CBN to integrate only licensed BDC operators into the forex distribution channel. According to him, the dollar is scarce because there is huge demand for the greenback at parallel market. CONTINUE@http://keeziije.com/2016/07/27/not-naira-crashes-dollar-checkout-new-rate/
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