Naira Extends Drop In Black-Market To N923/$ As Dollar Rate Soars
LAGOS AUGUST 10TH (NEWSRANGERS)-The Nigerian naira extended its slump in black-market trading as the nation’s dollar shortage deepened two months after the central bank moved to a more flexible exchange rate to encourage inflows. The currency of Africa’s biggest crude oil producer weakened to 923 naira per dollar, compared with 917 naira the day before,…