The naira on Thursday exchanged at N450 to dollar at the parallel market as build up on dollar demand continued to rise.
The naira is seen weakening on the black market as dollar demand rises from foreign investors and importers with payment obligations accumulated amid hard currency shortages triggered by an oil price crash, traders said.
The naira on Thursday exchanged at N450 to dollar at the parallel market as build up on dollar demand continued to rise.
The naira is seen weakening on the black market as dollar demand rises from foreign investors and importers with payment obligations accumulated amid hard currency shortages triggered by an oil price crash, traders said.
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