Nigerian currency is now N187.55 to US Dollar.
The Naira initially showed a 0.3 percent decline from the previous amount but it dipped even further as the demand for the Dollar increased.
The Nigerian Naira has fallen to a record low against the US Dollar as it opened at 184.60 to the Dollar on Monday, December 1 but quickly fell to 187.55.
The
Naira initially showed a 0.3 percent decline from the previous amount
but it dipped even further as the demand for the Dollar increased.
The new findings were collated by the Thomson Reuters Corporation, a mass media and information firm located in the US.
The
Central Bank of Nigeria (CBN) had earlier announced a devaluation of
the Naira from N155 to N168 to the US dollar citing falling oil prices
as one of the reasons for the moveSOURCE: PULSE.NG
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