Naira slumps to N900 against Dollar

In the black market on Wednesday, the Naira, the currency of Nigeria, fell to N900 per USD.

The Naira was trading at N773.42 on the official market against the US dollar.

When compared to N770.72, the Naira’s Tuesday trading value against the Dollar, the number shows a minor 0.35 percent loss.

The development occurred just 48 hours after Mr. Olawale Edun, Minister of Finance and Coordinating Minister of the Economy, resumed his duties.