NAIJA AND GLOBAL NEWS

#chai Naira sinks again at parallel market

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The Naira on Monday further depreciated against the Dollar at the parallel market. The Naira re…

The Naira on Monday further depreciated against the Dollar at the parallel market.

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The Naira reportedly sank by N1.50 to the Dollar as it was traded at N225.5 to the dollar on Monday afternoon.

The Naira traded N224 to the Dollar last Friday.

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The official interbank rate also dropped by 0.05 to N196.95 to the dollar. Traders at the parallel market attributed the depreciation of the Naira at the market to insufficient quantity of Dollars at the market

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