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Naira Suffers Another Setback in the Black Market....See Current Value

Posted by George on Tue 31st May, 2016 - tori.ng

The Nigerian currency has slightly fallen in the parallel market following the continued demand for the U.S dollar by Nigerians for business transactions.

Fiscal efforts by the Central Bank of Nigeria have failed in salvaging the value of the currency in the highly competitive parallel market.

The naira exchanged for a dollar at the rate of N347 yesterday, but today; 31st of May, 2016, the value has dropped to N348.

See full details below:

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