Dollar Is On A Free Fall Downwards

The naira, which has been on a path of recovery, traded between 400 and 470 to the dollar at the parallel market on Friday. According to traders who spoke to TheCable in Abuja, Nigeria’s capital city, the dollar went as low as 400, as traders and other Nigerians began to keep naira, in place of the US dollar.Ibrahim Baba, a forex trader in Abuja, said the dollar however stabilised at about via IFTTT