Nigeria mulls banning black market trade to protect naira

Nigeria plans banning black market trading to protect its currency, the Naira from further depreciation.

The Nigerian unit touched a 492 per dollar low last week, as the difference between the official rate and black market rate continues to widen. The naira trades at an average of 315 on the official market.

CCTV’s Kelechi Emekalam with the story.