Naira Weakens Sharply on Official Market, Pushing Above Street – Bloomberg
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Americas+1 212 318 2000
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Asia Pacific+65 6212 1000
The currency slumped 23% to 1,099 naira per dollar on the official market on Friday, according to Lagos-based FMDQ.
Nigeria’s naira weakened sharply on the official market against the dollar, pushing it above levels on the unauthorized parallel market despite government promises to stem volatility.
The currency slumped 23% to 1,099 naira per dollar on the official market on Friday, according to Lagos-based FMDQ, amid a local shortage of the greenback.
