Naira falls again, N236.50 to $1

dollar to nairaThe Naira on Monday went for N236.50 against the Dollar, N345 against the Pound and N235 against the Euro.

The naira has been under the ropes on the black market after the central bank two weeks ago curbed access to the dollar on the official interbank market for importers buying a wide range of goods, shifting demand for hard currency to the black market.

The currency traded at 198.50 naira on the interbank market.

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