• Naira drops against dollar as inflation hits 17.6%

    Naira drops against dollar as inflation hits 17.6%

    It was gathered that the Naira on Friday depreciated in most major segments of the foreign exchange market just as inflation hits 17.6 percent.

    The Nigerian currency fell by N2.24 to exchange at N308.69 to the dollar at the interbank market, from N306.93 recorded on Thursday.

    At the Bureau De Change it closed at N420 to the dollar, N550 to the Pound Sterling and N465 against the Euro.

    At the parallel market, naira lost N2 to close at N425 against the dollar from […]