The Nigerian naira sank to a fresh record low on Friday, as the Central Bank of Nigeria (CBN) attempts boosting liquidity through sales of dollars.
The naira fell as low as 295.25 to the greenback, at the interbank market on Friday, as the apex bank attempted solving the liquidity problems challenging the foreign exchange market.
The local currency closed at 2.7 percent lower than its opening price — trading at 290 to a single dollar. The parallel market also slid from 363 to 365 against the dollar on Friday evening.
