Naira falls to N330 per Dollar in less than 24 hours

The naira has taken a further plunge at the interbank market on Friday, to trade at 330 against the dollar, losing over N20 to the foreign currency in less than 48 hours.

The local currency, which sank to a record low of 310 to the greenback on Thursday, closed below 300, following trading with the foreign exchange market.

According to Reuters, the naira slipped to 298.50 per dollar on thin volumes at market open and extended losses to trade a total volume of $26.97 million on Friday afternoon in Lagos.

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