Naira Has Hit A New Low Against The Dollar, Now N241 For $1

The naira has hit a new low against the dollar in the black market. It sold for N241 to a dollar on Monday, as importers banned from accessing hard currency at the official interbank market by the central bank three weeks ago scramble for hard currency in the unofficial market, a Nigerian currency trader said.

Naira Woes Continue, Falls N232 To US Dollar

Nigeria’s currency was quoted at a record low of 232 naira to the dollar on the parallel market on Monday down from 230 naira on Friday, traders said.