Bundles of naira note
The Naira on Tuesday depreciated marginally against the dollar at the parallel market, newsmen report.
The Nigerian currency on Tuesday afternoon lost one point to
exchange at N391 to the dollar, weaker than N390 posted on Friday, while
the Pound Sterling and the Euro closed at N498 N420 respectively.
At the Bureau de Change (BDC) window, the Naira was sold at N362 to
the dollar, while the pound sterling and the Euro exchanged at N490 and
N417 respectively.
However, the Naira appreciated at the Nigeria investors and
exporters window, closing at N379.68 to the dollar, stronger than
N380.31, its opening rate.
Trading at the Nigeria interbank market saw the Naira closed at
N305.80 to the dollar. Currency traders said that in spite of the
marginal loss of the Naira, the nations’ currency had remained stable.
They called for patriotism on the part of Nigerians to save the Naira from the jaws of speculators and currency hoarders.
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