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Naira dips slightly at parallel market

Ola Simeon by Ola Simeon
April 6, 2016
in Business
0
Naira

Naira

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The Naira on Wednesday dipped by 0.3 per cent as it was exchanged for N322 to a dollar at the parallel market.
The nation’s currency lost N1 from N321 it was previously traded for.
The Naira also depreciated against the Pound Sterling and Euro as it exchanged for N450 and N359 respectively, from N445 and N355 it traded previously.

Meanwhile, the official inter bank rate remained at N197 to a dollar.

Traders at the market said that some of their customers were put off by the current rate of the greenback and other currencies.

This, they said, was affecting the market negatively.

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.