Naira Slips 5% on Nigeria’s Streets Amid Flight to Safety – Bloomberg
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Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Nigeria’s currency slipped almost 5% against the dollar on the streets of the West African nation after its sudden slump in the official market prompted residents to seek the safety of the greenback.
The naira weakened to 1,110 to a dollar from 1,052 in the parallel market, according to Abubakar Mohammed, chief executive officer of Forward Marketing Bureau de Change Ltd.
