Naira Continues to Decline Despite Falling US Dollar Index
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#f4e83713 ver:1.61
Despite falling US dollar index, the Nigerian Naira continues to decline, reaching a new low of 1,540 per dollar on the parallel market. Bureau de Change operators blame insufficient forex allocation from the CBN. Financial expert predicts Naira to reach 2,000 per dollar by year-end. Concerns rise over impact on economy and purchasing power. Standard Bank predicts influx of capital in second half of the year. Aliko Dangote's net worth drops due to Naira's poor performance. Black market exchange rate for 50 USD to Naira is ₦73,500.00 - ₦76,000.00. #Naira #Forex #Economy...
#newstr #NigerianNaira #ForeignExchangeMarket #CentralBankOfNigeria #BureauDeChange #MauriceIbeh #StandardBank #AlikoDangote #NetWorth #DangoteCement #DangoteSugar
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