The Naira lost N4 to the dollar to sell at N213 at the black market and N210 at the Bureau De Change (BDCs) segment of the official market.
A dealer, who preferred anonymity, told NAN that the depreciation might not be unconnected with the closure of trading at the interbank market by the Central Bank of Nigeria (CBN). The dealer also said that the CBN’s decision, which was meant to control speculations in the market, might be responsible for the depreciation.
Meanwhile the naira against the pound sold at N307 and N314 at the BDCs and black market respectively. However, it exchanged against the euro at N235 at the BDCs, while it sold for N237 at the black market.
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