Forex scarcity forces Naira to 3-year low against US Dollar

Due to pressure on the black market occasioned by forex scarcity, the exchange rate at the parallel market fell to another 3-year low at the weekend, closing at N465/$1 as against the N461/$1 it started with. However, on the officially recognized NAFEX Market, the Forex turnover was somewhat stable with only a slight drop of 0.08 per cent as the exchange rate Read More

Find more latest news and headlines from the newspaper