By Adedapo Adesanya The Naira plunged against the US Dollar by N70 in the parallel market segment of the foreign exchange (FX) market on Thursday to settle at N1,120/$1, in contrast to Wednesday’s closing price of N1,050/$1. Similarly, it had a bad day in the Nigerian Autonomous Foreign Exchange Market (NAFEM), which is the official market, as it slumped against the greenback by 7.6 per cent or N7.78 to close at N1,154.08/$1 compared with the previous day’s value of N1,072.74/$1. However, the Nigerian currency close flat against the British Pound Sterling and the Euro in the spot market yesterday at
Naira Falls to N1,154/$1 at NAFEM, N1,120 at Black Market
