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Naira trades at N540 to a dollar at the parallel market

MAD Aachen, Germany by MAD Aachen, Germany
September 9, 2021
in Exclusive
0
Naira trades at N540 to a dollar at the parallel market

The Nigerian naira has continued its downward spiral as it trades at N540 to a dollar at the parallel market on Thursday.

The drop comes barely a week after it traded at N530 against the American currency.

The exchange rates have been on a downward slope, after the suspension of foreign exchange transactions with bureau de change operators. Same day last week the national currency traded at N530 per dollar.

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