Naira Depreciates Further, Sells at 224 to Dollar



The Naira on Friday weakened further as it sold at N224 against the dollar at the Bureau de Change (BDC).

NAN reports that the Naira also exchanged against the dollar at N220 at the black market.

But, the currency traded N199 to a dollar at the Central Bank of Nigeria (CBN).

The currency, however, gained N2 against the pound at the BDC, selling at N330, from N332 it sold on Monday.

At the black market, however, the Naira remained stable, maintaining N335 to the pound, which it attained on Feb. 23. It sold at N307.59 to a pound at the CBN.

Against the Euro at the black market, Naira sold at N255 as against N235 it was sold on Monday.

At the BDC, it exchanged at N245 against the Euro, increasing from the N235 it was sold on Monday, while at the CBN, it sold at N226.7.


Source: PM News

You might also like