Naira on a free fall as it crashes to nearly 500/Dollar in open market

The Nigerian naira fell close to 500 against the dollar on the unapproved open retail market due to dollar shortages on Friday as retail currency operators set their quotes for dollar purchases at 399 for next week, traders said. Bureau de change operators said the central bank had approved 399 naira for retail trades this …

Naira on a free fall as it crashes to nearly 500/Dollar in open market Read More »