Again Naira Depreciates Against Dollar After Recovery




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The recorded a loss against the dollar , December 7 2020 closing at N482/$1 at the parallel market.

This represents a N7 drop when compared to the N475/$1 exchanged for , December 4.

However, the ’s at the NAFEX window continued to remain flat against the dollar to close at N395/$1 during intra-day trading , December 7.

ABCON , Aminu Gwadebe, had blamed the crash the on activities include hoarding, speculation, cash evacuations the nation’s borders, the dollar for gratification and so on.

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