Thursday 2 July 2015

Naira Falls Further To N230 To $1


The Nigeria national currency, the naira, has fallen to 230 against dollars, report says on Thursday.

This is coming barely 10 days after the CBN stopped forex sale to importers of rice, textile and 39 other items, the naira on Wednesday crashed to 230 against the United States dollar at the parallel market, down from 218 recorded on June 23 when the new forex rule was introduced.

The naira had fallen to 220, 223, 226.5 and 228 against the dollar in the past one week.

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