The naira fell to a new low of 414 against the US dollar yesterday amid the continued scarcity of foreign exchange in the country, with economic experts predicting further pressure in the forex market this week.
The naira sold for 414/dollar across some black market segments in Lagos and Abuja on Sunday. It hit an all-time low of 412 against the greenback at the parallel market on Friday, after closing at 409/dollar on Thursday.
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