Sunday, February 7, 2016

Naira again depreciates to the dollar at parallel market

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

It, however, maintained N197 to the dollar at the official Central Bank of Nigeria's window.

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.

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