Naira continues free-fall, slumps to N881.88/$1 at official window

The free-fall of the naira continued unabated at both the official and parallel markets on Tuesday.

The Nigerian currency depreciated by 7.63% to close at N881.88/$1 in the official Nigerian Autonomous Foreign Exchange Market (NAFEM) window.

This represents a N67.28 decline in the local currency compared to the N814.60 it closed on Monday.