• Naira Crashes Woefully at the Interbank Market for the First Time…Check Out Latest Value

    Naira Crashes Woefully at the Interbank Market for the First Time…Check Out Latest Value

    All is not well with the economy of Nigeria as the naira continues on a free fall against the dollar at the interbank market.

    Nigeria’s naira fell to an all-time low on Thursday, crossing 300 to the dollar for the first time after the central bank last month lifted its peg on the currency to allow it to trade freely on the interbank market.

    The naira fell 5.4 percent against the greenback to 309 at 1224 GMT on dollar supply shortages. It […]