Naira falls again!!!

By Obalakun Ayomide
The Rate of Naira has suddenly dropped again to around 330-343.
It was confirmed that as at 5:20 pm on Thursday, the Naira which still sold for 250/USD in the early hours of the day, sold for 343/USD on the parallel market and 330/USD in black Market as Nigerians remain unsure of the currency for Foreign Exchange .
This is a drastic twist of fate as the Naira just appreciated seriously in the last few days to around 250 NAIRA/USD.
This new development which is coming barely 48 hours after initial improvement is a welcome development to operators who had been seriously vexed at the earlier rise in value.


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