Naira crashed to N393 against 1 dollar

Forum 7 years ago

Naira crashed to N393 against 1 dollar

The Naira on Monday depreciated against the dollar at the parallel market.
The currency lost N3 to exchange at N393, from N390 posted on Friday; while it traded at N505 and N435 against the Pound and the Euro respectively

The naira appreciated at the official interbank market to close at N317.34, from N320.25 posted on Friday.


Traders at the market said that the demand for the greenback was still on the high side.

The market was eagerly awaiting the sale of forex by banks to BDCs during the week.