Naira in free fall against dollar

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...towards a better life for the people VOL. 25: NO. 62280

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ONLINE | www.vanguardngr.com

N150

WEDNESDAY, NOVEMBER 19, 2014

STRIKE: Health workers withdraw >>9 emergency services, as patients groan

Naira in free fall against dollar •Exchanges N180 to a dollar, as free fall may continue •Why CBN imposed restrictions •Scarcity of dollars behind Naira's free fall— ABCON

By Babajide Komolafe

L

AGOS—THE fortunes of the national currency, the Naira took a sharp turn downwards yesterday as it fell by 270 kobo, with the parallel market exchange rate rising to N180 per dollar from N177.3 on Monday. Since the beginning of the month, the Naira has fallen against the US dollar by N7.9 at the interbank market, and N10 at the parallel market. Interbank and parallel market operators attributed this sharp depreciation to restrictions introduced by the CBN to curb foreign exchange demand at the official

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COLUMNISTS:

Goodluck Jonathan’s military, local militia and the security of Nigeria •P.19

What the next governor of Lagos State should do for •P.24 us (6)

Mr & Mrs HUNTING FOR BOKO HARAM—Local hunters assisting in the fight against Boko Haram in Adamawa, leaving

Yola for operations , yesterday. Photo: NAN.

Drama in Ogun as 13 lawmakers shun Amosun

EMERGENCY RULE EXTENSION:

House of Reps reconvenes tomorrow as >>8 >>11 Senators oppose

C M Y K

Delay in rehabilitation of eastern rail lines worries residents, stakeholders

See pull-out inside


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