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The naira on Tuesday depreciated to 322.00 to the United States Dollar at the inter-bank market as against 317.75 its closed the previous day.
The Nigerian Naira, traded to its lowest value against the dollar of 350 to the dollar on Tuesday in a single interbank market trade of $100,000 at 1230GMT, according to Reuters report.
Analysts believed that the recent depreciation to huge demand for forex by holidaymakers seeking to travel abroad.
Naira Watch: Tracking Nigeria's Currency [Day 33]
Monday - Closed: 317.75
Today Open: N317
High Rate: N400
Low: N316.75
Related: NNPC to Start Importing Crude Oil From 2 African Countries
The Nigerian Naira, traded to its lowest value against the dollar of 350 to the dollar on Tuesday in a single interbank market trade of $100,000 at 1230GMT, according to Reuters report.
Analysts believed that the recent depreciation to huge demand for forex by holidaymakers seeking to travel abroad.
Naira Watch: Tracking Nigeria's Currency [Day 33]
Monday - Closed: 317.75
Today Open: N317
High Rate: N400
Low: N316.75
Related: NNPC to Start Importing Crude Oil From 2 African Countries
