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BREAKING: Naira crashes, hits N751 per dollar at parallel market
IDOMA VOICE reports that the Nigerian naira, on Thursday, crashed to N751 per dollar at the parallel section of the foreign exchange (FX) market amid increased demand.
This newspaper understands that the figure represents N9 or 1.2 percent depreciation compared to the N742 it traded a week ago.
Bureaux De Change (BDC) operators, popularly known as ‘abokis’, who spoke to TheCable in Lagos, quoted the buying rate of the greenback at N745 and the selling price at N751 per dollar.
The traders said the FX scarcity intensified last week, explaining that business owners have been trooping to the market.
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