FOREX MARKETS

Niyi Olaoye The naira fell further to N368 against the dollar at the parallel market Today (Tuesday), as the scarcity of foreign exchange continued to weigh on the value of the local currency at the interbank and parallel markets. It will be recalled that the Naira closed at N365 to...

The Nigerian naira took a dive on Thursday at both parallel and official markets, becoming the worst performing currency in Africa in 2016. Bloomberg data reveals that the naira which began trading at 283 to the dollar at the interbank market on Thursday, depreciated to 284/$1 to become the third...