Naira Falls to N604/$

05/19/2022 21

The Naira fell to N604/$ at the parallel market from N565 at the start of the year.

Nigerian BDCs attributed the increase in dollar demand to the election season.

Naira’s crash in the black market has widened the gap between the official Investors and Exporters (I&E) window and the black market.

Written by: Helen Obih

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