Naira Goes Weaker Against Dollar at Parallel Market...See Current Value

Posted by George on Wed 02nd Mar, 2016 - tori.ng

Efforts by Nigeria's apex financial institution to revamp the sorry state of the naira against the dollar has failed.

Despite the efforts of the Central Bank of Nigeria (CBN) to stabilise the naira, it seems results are not forthcoming as the value of the naira at the parallel market depreciated again.

Meanwhile, the President of the Bureau De Change operator, Aminu Gwadabe has exposed the perpetrators of the fall in the value of the naira in the black market.

See the exchange rate as at the morning of 3/2/2016: