Naira Devalues In Parallel Market To N445/$
Channel: Plus TV Africa
Date: 2020-05-13

The dollar exchanged for N445 to the dollar in the parallel market on Monday due to scarcity and shrinking liquidity in the fx market.

The extension of the ban placed on flights in the country by the Federal Government, as part of efforts to curtail the spread of coronavirus, further affected the access to forex by the bureau de change operators.
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