N338=$1: NAIRA TO DOLLAR RATE IS CURRENTLY DEVALUATING

This is getting out of hand as naira is now on its way to approaching N1000 to $1 as naira to dollar rate is now N338 = $1. ASnaira kept declining at a faster pace.

Though the official CBN exchange rate is still at N197 to the dollar on its official interbank transactions.

The local currency had closed at 335, 318, 313.5 and 310 on Thursday, Wednesday, Tuesday and Monday, respectively.

 

 

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