• Naira in Epic Fall at the Parallel Market….See Current Value

    Naira in Epic Fall at the Parallel Market….See Current Value

    The naira currency has tumbled at the ever unstable black market as it goes over the N400 public benchmark.

    The naira tumbled to 402 at the parallel market on Wednesday, a day after the Central Bank of Nigeria banned nine banks from the foreign exchange market over their failure to remit $2.334bn to the Federal Government’s Treasury Single Account domiciled with the Central Bank of Nigeria, According to reports.

    The local currency had closed at 397/dollar on Tuesday. At the interbank market, the […]