• Naira crashes further on Parallel Mkt, Rises on Interbank … See Current Rates

    Naira crashes further on Parallel Mkt, Rises on Interbank … See Current Rates

    The naira crashed to N390 to the dollar on the parallel market wednesday, lower than the N382 to a dollar from the previous day. A currency analyst, who preferred to remain anonymous, blamed the continuing slide of the nation’s currency on the parallel market to demand pressure.

    According to him, demand for FX for most of the 41 items that had been excluded from the interbank market was still being met with dollars bought from the parallel market.

    The source also attributed the […]