Naira Weakens To All-time Low Against Dollar, Trades At 414/$1 - Business - Nairaland
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Naira Weakens To N458 Per Dollar At Parallel Market / Naira Plummets To All-time Low Of 472/dollar / Naira Hits All Time Low At Interbank Market (2) (3) (4)
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| Naira Weakens To All-time Low Against Dollar, Trades At 414/$1 by heshyung(m): 8:12am On Aug 29, 2016 |
The naira fell to a record all-time low of 414 against the United States dollar on Sunday, with currency dealers predicting further pressure in the forex market this week. The slippery decline of the local currency against the Dollar came barely five days after the Central Bank of Nigeria (CBN) had banned 9 commercial banks from the forex market for failing to remit the Nigerian National Petroleum Corporation (NNPC) $2.334bn into the Treasury Single Account (TSA) in line with President Muhammadu Buhari’s directive last September.
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| Re: Naira Weakens To All-time Low Against Dollar, Trades At 414/$1 by ble4all(f): 9:01am On Aug 29, 2016 |
The poor masses continuing suffering for this. |
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