Naira Maintains Steady Falls As Speculators Scoop Dollars
The naira, Nigeria‘s currency, has continued to fall across official and unofficial foreign exchange (FX) as speculators scoop dollars amid increased supply. The local currency opened trading on Friday morning with the dollar selling at N1,430 on the parallel market, popularly called black market. This represents 2.09 percent depreciation against N1,400 quoted on Thursday…