Business Naira Watch: Tracking Nigeria's Currency [Day 68]

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Nigerian naira depreciated slightly against United States Dollar to close at N312. 99 at the Inter-bank foreign exchange market.

At the parallel market, the local currency fell to 460 to the dollar on the black market, down from 452 at the close of trading on Tuesday.

"Trading has continue to be thin on the interbank market as the dollar shortage persists while demand for the greenback remains strong," a dealer told Reuters.

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Naira Watch: Tracking Nigeria's Currency [Day 67]

Tuesday Closed: 312.98

Today Open: N315.25

High Rate: N315.25

Low: N312.25

 
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