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Naira Falls To Record N335 to Dollar at Parallel Market

Farouk Mohammed
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Farouk Mohammed
ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
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Published: 2016/02/12
1 Min Read
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The naira on Friday exchanged at N335 to the dollar as the scarcity of the greenback worsened at the parallel market.

The News Agency of Nigeria reports that the naira lost N10 to exchange at N335 to the dollar, a depreciation of three per cent.

It previously traded at N325 to the dollar.

Meanwhile, the official Central Bank of Nigeria exchange rate remained at N197 to the dollar.

Traders at the market expressed worry at the increasing shortage of the greenback and urged the government to take immediate steps to stem the tide.

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ByFarouk Mohammed
Publisher
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and development. He has over a decade of experience in journalism and international media, with a strong focus on geopolitics, conflict reporting, human rights, and the global digital economy.
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