Naira Depreciates to N320.5 Per Dollar At Parallel Market

However, the naira traded against the Pound Sterling and the Euro at N457 and N361 respectively, weakening further against the Pound.

Meanwhile, the Nigerian currency maintained N197 to the dollar at the official Central Bank of Nigeria (CBN’s) rate.

Traders at the market complained of low activities but however, expressed delight at the efforts by the executive and the legislature to resolve issues surrounding the 2016 budget.