Naira Slumps To N454 Against Dollar As Importers Struggle For Foreign Exchange
LAGOS MAY 16TH (NEWSRANGERS)-The Naira has weakened today at the parallel market (popularly known as Black Market) as it trades at N454 to $1. The development could be attributed to the high demand for the dollar by foreign investors and business owners, whose with dollar payment obligations have accumulated amid a shortage of the currency….