The Naira on Wednesday recorded its third consecutive depreciation against the dollar at the official foreign exchange market despite the country’s external reserves rising to $41 billion.
Central Bank of Nigeria exchange data showed that the Naira further weakened to N1,536.73 per dollar on Wednesday from N1,534.93 traded the previous day.
This means that the country’s currency again dipped by N1.8 against the dollar on a day-to-day basis.
DAILY POST reports that this is the third time the Naira has declined…For More Details, Read The Full Story Here.