LOWEST EVER: Naira trades at 276/$1
The worst days for the Nigerian currency, naira, may just be ahead as the naira broke its 42-year record on Thursday, trading at 276 against the dollar at the parallel market. “We are currently selling at 276 to the dollar,” a trader told TheCable in Lagos on Thursday. Naira traded between 265 and 269 on Wednesday as traders anticipate the “end of forex street trading” in two weeks time. The naira fell to a 42-year-old low on December 11, when it traded at N260 at the parallel market – the lowest since 1973. The Central Bank of Nigeria (CBN), under the leadership of God