Naira falls further to N477 on increased demand amid dollar shortage

Naira falls further to N477 on increased demand amid dollar shortage


1000 Naira notes

Nigeria’s currency on Wednesday continued its free fall with the dollar being sold at N477, representing a loss of N2 compared to N475 traded on Tuesday on the black market. Traders said there was increased demand by end users amid dollar scarcity. The foreign exchange market has been under pressure since March 2020 following a…

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