• Nigerians panic as Naira depreciates three times in six hours

    Nigerians panic as Naira depreciates three times in six hours

    Currency traders on Wednesday in Lagos became apprehensive as the Naira depreciated thrice in six hours at the parallel market

    The traders were meeting in clusters, painstakingly trying to unravel the rationale behind the sudden depreciation of the naira after it had appreciated for about four weeks.

    The Naira exchanged at N467 to the dollar as at 4:30 p.m. after it traded for N455, and N460 in a couple of hours on Wednesday while the Pound Sterling and Euro closed at N560 […]