Naira Experiences Biggest Fall in All Forex MarketsAmid Renewed Dollar Demands :
The naira has experienced its biggest fall in the foreignexchange markets on Thursday. The Naira traded at N1,549/$ in the official NAFEX window and 1,590/$ in the parallel market. This volatility follows an accusation by the BDC operators that banks are refusing to sell dollars to them. This signals hoarding and could further drive demand and prices upwards in the next few weeks. – Vanguard