Economy
UNBELIEVABLE! Naira Falls To N485/$1, N600/£1
The Naira took a fall again on Tuesday, December 6, as it dropped to N485 from N484 against the dollar and N600 from N590 against the British pound at the parallel market.
However, the local currency maintained the N510 per Euro as it was yesterday, December 5.
Some have attributed the fall of the naira to the recent crackdown in the parallel market against currency traders.
However, Vice-President Yemi Osinbajo, in an interview with Reuters, said “his office was working with the central bank to make the foreign exchange market more flexible and more reflective of actual demand and supply”.
At the official side of the market, the naira depreciated from 305 to 315 per dollar, while the pound went for N401.
Follow us on social media:-
Celebrity Gossip & Gist24 hours ago
“Korra slept with a man when she was 5 months pregnant with our daughter, she sleeps around” – Korra Obidi’s estranged husband, Justin Dean cries out (Video)
-
Celebrity Gossip & Gist1 day ago
Tolanibaj reacts to viral video of schoolgirl who names her as role model (Watch)
-
Celebrity Gossip & Gist1 day ago
“Your presence is deeply missed” – Billionaire mogul E Money vows to raise Junior Pope children, pays tribute to late actor (Video)
-
Celebrity Gossip & Gist1 day ago
“It’s confirmed Chief Priest is not small. Money na water” – Cubana Chief Priest boasts as he’s granted N10m bail