The naira
continued its free fall on Thursday, crashing to 280 against the United
States dollar at the parallel market. The greenback sold for N269 on
Wednesday.
The naira,
which had been trading around 241 and 243 against the greenback for a
long time, began a steady decline about three weeks ago when the Central
Bank of Nigeria stopped the sale of foreign exchange to over 1,600
Bureaux De Change operators due to improper documentation.
the situation is getting more critical, Federal government must act immediately.
No comments:
Post a Comment