L
LequteMan
Guest
The Naira on Tuesday depreciated against the dollar in reaction to key moves taken by the Central Bank of Nigeria, CBN.
The currency weakened against the greenback few hours after the apex bank maintained its benchmark interest rate and endorsed the crackdown on parallel market traders by security operatives.
The Naira lost N5 at the parallel market, exchanging at N470. On Monday, it traded at N465 per dollar. The Pound Sterling and the Euro closed at N565 and N495, respectively.
At the Bureau De Change (BDC) window, the naira was sold at N390, CBN controlled rate, while the Pound Sterling and the Euro closed at N562 and N500, respectively.
NAN
The currency weakened against the greenback few hours after the apex bank maintained its benchmark interest rate and endorsed the crackdown on parallel market traders by security operatives.
The Naira lost N5 at the parallel market, exchanging at N470. On Monday, it traded at N465 per dollar. The Pound Sterling and the Euro closed at N565 and N495, respectively.
At the Bureau De Change (BDC) window, the naira was sold at N390, CBN controlled rate, while the Pound Sterling and the Euro closed at N562 and N500, respectively.
NAN
