Tuesday 17 February 2015

CBN may devalue Naira again, as currency slumps to N213 to dollar at parallel market


The Central Bank of Nigeria may be compelled to again take action to halt the continued slump in the value of the Naira, as the national currency on Monday lost N3 to the dollar.

Bank insiders say the Naira may be devalued yet again.

The Naira depreciated at the black market, selling at about N213 to the dollar, from N210 at the Bureau De Change (BDCs) segment of the official market.

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