The Naira initially showed a 0.3
percent decline from the previous
amount but it dipped even further as
the demand for the Dollar increased.
The Nigerian Naira has fallen to a record
low against the US Dollar as it opened at
184.60 to the Dollar on Monday, December 1
but quickly fell to 187.55.
The Naira initially showed a 0.3 percent decline
from the previous amount but it dipped even
further as the demand for the Dollar increased.
The new findings were collated by the Thomson
Reuters Corporation, a mass media and
information firm located in the US.
The Central Bank of Nigeria (CBN)
had earlier announced a devaluation
of the Naira from N155 to N168 to
the US dollar citing falling oil prices
as one of the reasons for the
move. »
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