The naira yesterday depreciated against the dollar at the
parallel market. The naira lost N0.5 in the afternoon as it exchanged for
N225.5 against the dollar, slightly less than its previous value of N225.
parallel market. The naira lost N0.5 in the afternoon as it exchanged for
N225.5 against the dollar, slightly less than its previous value of N225.
Meanwhile, at the interbank window, the naira exchanged at
N197 to the dollar.
N197 to the dollar.
Traders at the market said that the demand for dollar had
been on the increase as businessmen and travellers bought it for various
reasons.
been on the increase as businessmen and travellers bought it for various
reasons.
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