The Naira has depreciated further on Thursday at the parallel market ebbing close to N500 to a dollar. The Nigerian currency lost N3 to trade at N495 to the dollar at the parallel market, from N492 posted on Wednesday, while the Pound Sterling and the Euro closed at N597 and N515 respectively.
At the official interbank window, the Naira closed at N305 to a dollar.
Trading at Bureau De Change (BDC) window saw the Naira close at N399 to a dollar, while the Pound Sterling and the Euro exchanged at N600 and N510, respectively.
Traders blamed acute forex scarcity for the spike in the exchange rate.
Source: Punch.
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