@Naturenews Africa

The Nigeria’s unit of exchange, Naira, at the weekend shed N2 in value against the dollar, dropping to N480/$1.

The new value of naira and the recent fall was recorded on Friday from N478/$1 on Thursday at the parallel market.

Data obtained from “Abokifx,” a website that tracks forex rates on the parallel market, shows that after falling to N487 per dollar in late November, the naira appreciated to N465/$1 during the Christmas festivities.

It, however, resumed its downward trend a fortnight ago, dropping to between N475 and N478 per dollar, due to an uptick in economic activity.
Read more: https://naturenews.africa/nigeria-currency-value-falls-n480-per-1-naira/