Thursday, March 5, 2015

Dollar trades in upper 200 Naira in early Nigeria deals

Dollar trades in upper 200 Naira in early Nigeria deals

The U.S. dollar traded in the upper 200 naira range in Lagos Nigeria early Thursday tradings.

At 9 a.m., the dollar was quoted at 280.30 naira compared with 229.62 naira  in Lagos at 5 p.m. Wednesday.

The continuous fall in naira tells the complete story of the effect of former CBN governor Sanusi removal and his tight fist control on the naira and economy.

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