Naira plunges to 1300/$ at parallel market
The naira tumbled to N1,300/$ at the parallel market on Tuesday.
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The naira tumbled to N1,300/$ at the parallel market on Tuesday.
The naira has depreciated by 38.9 per cent against the United States dollar at the official I&E window of the Central Bank of Nigeria in the past three months.
Six ministries, departments, and agencies have budgeted N244m to cover foreign exchange losses despite increased earnings
Nigeria’s foreign exchange reserves have fallen by $1.6bn to $32.97bn since the CBN tried to unify the country’s foreign exchange rates.
Amid persistent foreign exchange fluctuation, Nigeria's foreign exchange reserves have fallen by $1.6 billion to $32.97 billion since the Central Bank of