Naira slumps against dollar amid fuel price hike …C0NTINUE READING HERE >>>
The naira slumped significantly against the dollar at the foreign exchange market amid another Premium Motor Spirit (petrol) pump price hike in Nigeria.
FMDQ data showed that the naira weakened to N 1611.34 per dollar on Tuesday from N 1585.77 exchanged on Monday. This represents N25.57 loss.
Similarly, the naira lost N10 at the black market to close at N1640 per dollar on Tuesday.
This comes as foreign exchange transaction turnover increased to $206.61 million on Tuesday from $71.18…
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