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Breaking: Nigerian Currency, Naira Is Now ?400 To $1 At The Parallel Market
Nigerian currency, the Naira, continues to depreciate in the parallel market on Thursday as it traded at 400 naira to a US Dollar.
The currency on Wednesday sold at N390 to a dollar but barely 24 hours, it has crashed by N15 to sell at new record low of N400 to a Dollar.
According to a Bureau De Change operator, the crash was due to soaring demand for the Dollar in the foreign exchange market.
More details to follow…
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