Naira-dollar
BREAKING: Naira crashes further against dollar, exchanges for N1,210/$
The naira maintained its downward slide at the start of business on Monday, falling to N1,210 to the dollar on the parallel market, down from N1,170 last week.
At the Nigerian Autonomous Foreign Exchange Market (NAFEM), also known as the Importers and Exporters window, the naira depreciated last week by 5.4 per cent to NGN808.27 to the dollar.
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Parallel market traders say the continuous decline in the value of the naira is due the scarcity of the greenback in the market.
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