Naija Center News
Nigerian Newspapers, Naija News & Naija Politics

Naira depreciates further at parallel market

0 5

The Naira on Monday further depreciated against the Dollar at the parallel market.

The Naira lost N1.50 to the Dollar as it was traded at N225.5 to the dollar on Monday afternoon.

This is against the N224 to the Dollar recorded last Friday.

Meanwhile, the official interbank rate also dropped by 0.05 to N196.95 to the dollar.

Traders at the parallel market attributed the depreciation of the Naira at the market to insufficient quantity of Dollars at the market.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
Comments
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More