L
LequteMan
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Nigeria- The Nigerian Naira yesterday recorded a new low of N205 per Dollar at Black Markets, according to figures released by Proshare.
Naira's value in the parallel market (black market) has witnessed huge deviation from its official rate since the Central Bank of Nigeria devalued the currency on the 25th November, 2014.
The Naira has traded between N191 and N200 to a dollar in the last 2weeks.
The constant fall in global oil prices and negative speculations about the currency are responsible for its steady decline, according to the CBN.
#Nigeria #Naira #Dollar
Naira's value in the parallel market (black market) has witnessed huge deviation from its official rate since the Central Bank of Nigeria devalued the currency on the 25th November, 2014.
The Naira has traded between N191 and N200 to a dollar in the last 2weeks.
The constant fall in global oil prices and negative speculations about the currency are responsible for its steady decline, according to the CBN.
#Nigeria #Naira #Dollar
