NIGERIA NAIRA HITS RECORD LOW OF 530 NAIRA TO 1 USD

Naira, Nigeria’s legal tender on Thursday fell to N530 per dollar on the parallel market also known as the black market. The depreciation of the Naira was a result of increased demand for dollars by importers who could not access the greenback from the banks due to documentation issues, Ikeanumba gathered.

THE QUESTION REMAINS, WHAT NEXT FOR NIGERIA NAIRA?

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