VAM News Update

THE naira fell to an all-time low of N950 to one dollar at the parallel market on Thursday afternoon, The Nation has learnt.
It had traded earlier this week at N897.

At the official window, market data posted on Wednesday showed that the Naira closed at N782.38 per $1.

The street traders, popularly known as ‘abokis’ put the buying price of the dollar at N935 and the selling price at N950, leaving a profit margin of N15.

Details later…