Connect with us

Forex

Naira Depreciates to Dollar

Published

7 years ago

on

500 and 1000 naira bills (Nigerian currency)
  • Naira Depreciates to Dollar

The Naira on Wednesday depreciated to N360.16 to the dollar at the investor’s window, losing 70kobo from N360.09 traded on Tuesday.

Trading at the parallel market saw the naira closed at N362 to the dollar, while the Pound Sterling and the Euro closed at N514 and N445, respectively.

At the Bureau De Change window, the naira traded at N362 to the dollar, while the Pound Sterling and the Euro closed at N514 and N445, respectively.

The Nigerian currency traded at N305.60 to the dollar at the official Central Bank of Nigeria rate.

Currency traders decried low patronage at the market.

(NAN)

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Comments
Advertisement
Advertisement