Naira stumbles to  N1,548 per dollar

The naira continued its decline against the dollar at the official foreign exchange market on Monday, January 13.New data from FMDQ showed that the naira weakened to N1,548.89 against the dollar on Monday from N1,543.03, indicating a N5.86 fall compared to N1,543.03 traded at the close of last Friday.Similarly, on the black market, the naira closed at N1,667 per dollar on Monday from N1,665.Despite this fall, throughout the day,  the naira remained stable between N1,545 and N1,660 per dollar at the official and parallel foreign exchange markets, respectively. The post Naira stumbles to N1,548 per dollar appeared first on Linda Ikeji Blog.