Naira Drops To N282 To US Dollar On Parallel Market
The Naira hit a record low of 282 to the US Dollar and 400 to Pounds on the unofficial market on Monday after the Nigerian Central Bank (NCB) announced that it would stop sales to non-bank foreign exchange operators, especially bureaux de change operators.
This continues rise in dollar and pounds against Naira is affecting businesses in Nigeria and may lead to the crashing of Nigeria economy if drastic measures and action are not taken to revive this issues.
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