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Wednesday, October 7, 2015

​​Naira continues to depreciate at the parallel market

The naira on Wednesday continued to depreciate against the dollar at the parallel market in spite of the sale of foreign currency to operators of Bureau de Change.

The naira lost N1.00 to the dollar on Wednesday afternoon as it traded N225 to the dollar as against N224 on Tuesday.

Meanwhile, the official interbank rate maintained its value at N197 to the dollar.

Traders at the parallel market said they had expected the naira to rebound after the sale of foreign currency by the Central Bank of Nigeria to BDC operators.​

​(NAN / Premium Times)

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