QUO Courier and Logistics Ltd

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Wednesday, 8 April 2015

U.S Dollar Falls Flat As Naira Walks Tall Again...

According to reports, U.S Dollar now trades at $1 - N185 at the parallel market. Bureau De Change operators attributed its fall to the release of Dollars by hoarders who had stored it pending the outcome of the presidential elections. A dollar over the weekend sold for N185 against the usual N220-N240. Another reason given was that politicians have stopped campaigning for elections, which has made the demand for Dollars fall like the wall of Jericho.

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