The Nigerian Naira, on Monday, February 20, maintained its free fall in the parallel or black market segment of the foreign exchange market.
The local currency has tumbled to a new record low at parallel market exchanging at the rate of trades at N520 to the United States Dollar.
The Nigerian currency also depreciated to N635 against the British Pound sterling from N630 and crashed against Euro to trade at N545 from N540.
On Friday, February 17, the Naira remained at it’s record low sustained on Thursday at the parallel or black segment of the foreign exchange market trading at N516 against the U.S Dollar.
It also remained at the rate of N630 against the British Pound sterling from N625 and against Euro at N538 from N535.
