The Nigerian currency plummeted further against the United States dollar across both the official and unofficial markets on Monday.
According to data published on the FMDQ website, the local currency closed at N1,598.54/$1 at the official market on Monday as against N1,537.96 recorded in the previous market last Friday.
As reported by PremiumTimes, Monday’s rate represents a 3.94 percent depreciation from the previous market rate last Friday.
However, reports say it eventually slipped to N1,700 and above across parallel markets in the country as against N1,619 recorded in the previous session last Friday.
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