The Nigeria’s unit of exchange, Naira, weakened to 470 against the United States dollar in the parallel market at the weekend despite the interventions of the Central Bank of Nigeria in the official window. The nation’s currency had traded at N465, N466 and N468 against the greenback on Tuesday, Wednesday and Thursday respectively. But it fell on Friday to its weakest level in more than a month. According to Bloomberg, the naira closed at 382.10 per dollar on the spot market, where the CBN sells limited amounts of the…
Read MoreNaira falls to month’s lowest, now 470 per dollar
