The naira has hit a record low at the parallel section of the foreign exchange market. The local currency closed at N1,415 on Thursday compared to N1,365 to the greenback exchanged on Wednesday, January 24, 2024. Currency traders, also known as Bureau de Change (BDC) operators, put the buying rate of the greenback at N1,400 and the selling price at N1,410— leaving a profit margin of N10. At the official section of the foreign exchange (FX) market, the local currency closed at N900.96/US$ as against N882.24 on Wednesday, from N878.61…
Read MoreNAIRA SUFFERS HEAVY SLUMP, EXCHANGES AT N1,410 PER DOLLAR AT PARALLEL MARKET
