4.3 C
New York
Wednesday, November 29, 2023
HomeBankingNaira dips against dollar

Naira dips against dollar

The Naira on Monday dipped against the dollar at the parallel market, the News Agency of Nigeria reports.

The Nigerian currency shed N8 to exchange at N360 to the dollar, from N352 it traded on Friday.

Also, the Pound Sterling and the Euro traded at N515 and N405 respectively.
Meanwhile, the official Central Bank of Nigeria rate remained at N197 to a dollar.


Traders at the market attributed the unstable nature of the Naira to the scarcity of the greenback and hoarding of foreign exchange by currency speculators.




Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

Onuegbu Chuks Theophilus on Mikel Obi quits Super Eagles
Thomas H. Anderson on Roman Goddess_3
Oladimeji Emmanuel on Obama sends investors to Buhari