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Dollar Scarcity: Petrol Price Hike Looms, Marketers Say

Nigerians should prepare for another increase in the pump prices of petrol, due to the continued scarcity of foreign exchange to finance the importation of the product, oil marketers have said. According to them, the United States dollar hit an all-time high last week, as...

Naira Drops to 382 as Dollar Scarcity Bites Harder

  The naira dropped to 382 against the United States dollar at the parallel market on Monday, down from the 380 it closed on Friday. The local currency had hovered between 375 and 380 against the greenback last week. The naira has been under a persistent pressure...