There are indications that the nation’s currency has come under fresh demand pressure in the parallel market with significant depreciation recorded in the past week. Yesterday, parallel market dealers traded at N1,705/ $1.00 down from N1,655/$1.00 a week ago, with sustained day-to-day slide. Vanguard’s Naira watch indicates the steady slide is happening for the first time in several weeks unlike the daily fluctuation within a narrow band of between N1645 and N1,655/$1.00 recorded in the past two months. READ ALSO: Meet Ronald Adams, Energy Veteran of 32 Years Now SNEPCo…
Read MoreNaira Under Fresh Pressure, Ends September At N1,705/$ In Parallel Market
