Naira Depreciates Despite Surge in External Reserves... CLICK TO READ THE FULL NEWS HERE▶▶
The Naira has continued to drop against the Dollar at the Foreign exchange market.
According to FMDQ, the Nigerian currency depreciated by N2.11 to N1,611.40 per Dollar on Monday from N1,609.29 on Friday.
Naira Gains 0.02% Against Dollar in Currency Market
The Naira to Dollar rate fell by N5 to N1,600 on Monday from N1,595 last week at the parallel market.
The fall continues despite the Central Bank of Nigeria’s sale of $148m to 29 authorised FX dealers last week.
So far, the apex bank has sold $254.5 million to legitimate FX dealers.
