• More pains for Nigerians as naira crashes N363 to US$1

    More pains for Nigerians as naira crashes N363 to US$1

    NIGERIA’S currency, the Naira received its worst bashing last week at both the parallel and official markets, thus signalling more pains for Nigerians. At the Nigerian parallel market, the naira fell to its lowest level since the start of the new foreign exchange re­gime, trading at N363 to US$1 and N485 to one British pound. The naira, which began trading at around N283 to the dollar at the interbank market on Thursday, de­preciated to 284/$1 to become the third worst […]