Naira falls to N345 per dollar at parallel market

IT was another sad day for the naira, the nation’s currency, as it further lost its value at the parallel market, exchanging N345 for a dollar.The devaluation campaign against the naira, given the low foreign exchange receipt of the Federal Government from crude oil, has been resisted by the monetary and fiscal authorities on the argument that previous devaluations under the same economic conditions did not result in anything better.But it does now appear that after each resistance from the government, more pressure would come through increased demand for continue reading