Lagos - The naira plunged 3.2% to a record low of N168.90 to the dollar in early trade on Thursday following the suspension of Central Bank Governor Sanusi Lamido Sanusi by President Goodluck Jonathan.
The slide was the biggest since 1999, reports Daily Trust.
Nigeria’s benchmark equities gauge and yields on the nation’s Eurobonds were also hit. The equities gauge slid 1.5 percent while the yields on Eurobonds jumped 11 basis points to 6.32 percent, the highest since September 2011..
Read more at Daily Trust.
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