Naira slides further at parallel market
November 02
18:18
2015
The naira on Monday further slid at the parallel market as it exchanged for N227 to the dollar, against the N226.5 it traded previously.
According to NAN, the official interbank rate remained at N197.
Traders at the market attributed the slide in the price of the naira to insufficient forex at the parallel market.
They said the naira might strengthen against the dollar after the Central Bank of Nigeria sale of forex on Wednesday.
Advertisement
There are no comments at the moment, do you want to add one?
Write a comment