Naira Slumps Further At Parallel Market Ahead Of Easter

The naira slumped further and exchanged to the dollar at 590 on Thursday at the parallel market ahead of the Easter festive period.

Some Bureau de Change operators who spoke to Punch correspondent said the dollar was bought and sold at 585 and 590 on Thursday.

On Monday, the naira had earlier traded to the dollar at N588.

At the Importer & Exporter forex window, the naira fell by 0.20 per cent to close at N417.5 after reaching a high of N444.

The Central Bank of Nigeria however maintained N416 as its official rate on its website.

About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

No comments yet... Be the first to leave a reply!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: