Naira sinks at the parallel and interbank markets, see current exchange rate

The naira seems to be in for another tough week against foreign currencies as it continues on its downward trend, even as analysts predicted a good week for it.

With the approaching yuletide and the naira currently trading at N485 to the dollar, and N602 to the British pound, holiday shoppers may be forced to limit their spending as prices of goods are likely to rise in the coming week.

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