Naira reaches N496.50k to dollar, lowest amid scarcity

Nigeria’s currency on Friday fell by N6.17k to an average rate of N496.50k on the black market, the lowest since August 2020. On Thursday, naira exchange with the dollar at an average rate of N490.33k day-on-day. The foreign exchange market has been under pressure since March 2020 following a sharp drop in oil prices as…

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