The Naira has furthered its fall on Friday August 25, exchanging at N915 to a dollar at the parallel segment of Nigeria’s foreign exchange (FX) market.
At the unofficial market, where many willing buyers and sellers are either sourcing or selling dollars, FX dealers were buying the greenback N907 while selling at N915, according to data by AbokiFX, an online platform that tracks the exchange rate on the parallel market.
Iheanyi Nwachukwu, is a creative content writer with over 18 years journalism experience writing on banking, finance and capital markets. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.
Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).
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