Naira’s free fall continues, now exchanging at N550 to $1

The Nigerian Naira depreciated further against the US dollar on Monday September 13, closing at N550/$1 compared to N545/$1 recorded in the previous trading session in parallel markets. From the data recorded on the FMDQ securities exchange window where forex

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Naira now trading at 545/$ in parallel market

The Nigerian Naira has hit an all time low in 48 years after trading for 545/$ in parallel markets on Thursday September 9. Confirming the development, parallel market and bureau de change (BDC) traders disclosed that the Naira is falling

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