Naira Depreciates to N320.5 Per Dollar At Parallel Market

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The Naira on Wednesday, April 27, slid slightly, exchanging at N320.5 to the dollar at the parallel market.

According to the News Agency of Nigeria, NAN,  the naira lost 50 kobo on Wednesday afternoon, from N320 it traded on Monday.

However, the naira traded against the Pound Sterling and the Euro at N457 and N361 respectively, weakening further against the Pound.

Meanwhile, the Nigerian currency maintained N197 to the dollar at the official Central Bank of Nigeria (CBN’s) rate.

Traders at the market complained of low activities but however, expressed delight at the efforts by the executive and the legislature to resolve issues surrounding the 2016 budget.



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