Nigeria Finance Minister Faults Naira's Dive to Overdue Payments.

Read more: Nigeria's Reform Pledge in Disarray as Naira Rout Deepens Shrinking dollar supply from the central bank is forcing buyers onto the streets for hard currency. The currency of Africa's largest economy extended a months-long slide and hurtled toward the 1000-per-dollar mark in street trading on Thursday, as the central bank held back from supplying dollars to a panic-stricken market. (Bloomberg) -- Nigeria's finance minister Adebayo Olawale Edun said up to $6.8 billion of overdue forward payments in the foreign exchange market need to be addressed before the naira stabilizes. [Extracted from the article]