The Naira depreciates against dollar at parallel market
May 14, 2018
The Naira on Monday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.
The Nigerian currency lost 1.1 points to exchange at N362.3, weaker than N361.2 posted on Friday, while the Pound Sterling and the Euro closed at N497 and N429, respectively.
At the Bureau De Change (BDC) window, the naira was sold at N362 to the dollar, while the Pound Sterling and the Euro closed at N497 and N429, respectively.
Trading at the investors’ window saw the naira close at N361.57, while it was sold at N305.8, CBN rate.
The naira however, traded across major cities as depicted in the graph below:
