NAIRA
NAIRA

The Naira has depreciated further at the parallel market amid expectations of an intervention by the apex bank in the foreign exchange market.

READ ALSO  Son of ex-Chief Justice Uwais who joined ISIS reported dead

The Naira on Friday afternoon exchanged for N310 to the dollar from N307 it traded for previously with a depreciation of 1 per cent.

It, however, maintained N197 to the dollar at the official Central Bank of Nigeria’s (CBN) window.

READ ALSO  Gunmen kidnap Bayelsa LG Chairman

Traders at the market said the demand for the greenback had forced it to fall further in value in spite of insinuations of an intervention at the foreign exchange market by the CBN.

READ ALSO  Buhari, Gowon, Saraki, Dogara, Kano Emir, others for Ekweremadu’s book presentation

Loading...
loading...
SHARE