Tag: Naira plunges to 475 as dollar demand rises

  • Naira plunges to 475 as dollar demand rises

    Naira plunges to 475 as dollar demand rises

    The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback. The local currency, which has come under pressure in recent days, fell to 470 per dollar on Friday from 468 on Thursday. The naira was trading at 462-463 at…