Naira falls to N418/$1 at parallel market

Nigeria’s currency, Naira has dropped four points to slip to an all-time-low rate of N418/$1 at the parallel market, this afternoon, August 30.

The local currency started the new week at N414 against the greenback at the parallel market on Monday, after closing at 412/dollar on Friday, August 26.

But according to a Lagos Bureau De Change operator in Lagos, the Naira has slipped further down to trade at N418/$1.