Naira Official Rate Falls 26% as Dollar Supply Drops Two-Thirds – Bloomberg
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Americas+1 212 318 2000
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A currency dealer in Lagos.
The naira weakened 26% against the dollar on the official market, touching its lowest closing price on record amid an acute local shortage of the greenback in Africa’s most-populous nation.
The naira closed at 993.82 to the dollar on Monday, compared with 789.94 in the previous trading day, according to FMDQ Group, a Lagos-based exchange operator that tracks the data.
