Naira depreciates by N2 against Dollar

Lagos—The Naira, yesterday, depreciated slightly against the Dollar at the parallel market, dropping by N2.
The currency traded N222, N350 and N256 against the Dollar, Pounds and Euro, respectively. On Monday and Tuesday, it traded at N220, N345 and N252 against the Dollar, Pounds and Euro respectively.

Naira-Dollar
However, the official interbank rate remained at N197 to the Dollar.
Mr. Harrison Owoh, a bureau de change operator, said in Lagos that the Naira’s drop in value was connected to Central Bank of Nigeria, CBN’s failure to sell enough foreign currencies.
He said that parallel market operators had expected the apex bank to sell more foreign currencies before the Eid el-Kabir break.
Owoh said that the currency may depreciate further due to the long break associated with Muslims’ celebration.

Noted!

gradually it will fall...so sure

Very soon it will move to #500

Good info.

Ashawo wrote:

Very soon it will move to #500

in fact, d tin's just getting worse everyday ni

Safex wrote:

Ashawo wrote:

Very soon it will move to #500

in fact, d tin's just getting worse everyday ni

no bro

peter pan wrote:

Safex wrote:

Ashawo wrote:

Very soon it will move to #500

in fact, d tin's just getting worse everyday ni

no bro

May God help 9aijaa