Thursday, January 12, 2017

Naira tumbles down again to 495 Naira to a dollar!


The devaluation of the Naira seems to increasing on a daily basis. The Naira fell to 495 naira to a dollar at the parallel market today getting it closer to the speculated N500 to a dollar.
On Wednesday, 12th January, the rate was N492 to $1.

A report on Bloomberg states that the Naira is expected to further weaken in the parallel market in spite of steps taken by the CBN to forestall such in the Forex Market,



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