The naira, Nigeria's local currency which has been under pressure over rising demand for the US dollar in recent times slumped further at both the Bureau De Change (BDC) and parallel segments of the forex market on Friday as demand for the greenback continue to mount.
This was more evident at the parallel market where the local currency attained its lowest value in the past one year.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article