The naira fell to a new low of 414 against the United States dollar on Sunday in the midst of the proceeded with lack of remote trade in the nation, with financial specialists anticipating further weight in the forex market this week.
The advancement came five days after the Central Bank of Nigeria had banned nine
business banks from the forex market for neglecting to transmit the Nigerian National Petroleum Corporation's $2.334bn into the Treasury Single Account in accordance with President Muhammadu Buhari's mandate last September.
The naira was sold for 414/dollar over some underground market sections in Lagos and Abuja on Sunday. It hit an untouched low of 412 against the greenback at the parallel business sector on Friday, subsequent to shutting down at 409/dollar on Thursday.
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