Naira Crashes Against Dollar At Parallel Market

The Naira on Monday, January 4, weakened by 0.8 per cent to exchange at N265 to the dollar at the parallel market.

The News Agency of Nigeria (NAN) reports that the greenback lost N2 to the dollar from its weekend value of N263.

However, at the official interbank window, the Naira exchanged at N197 to the dollar.

Traders at the market were optimistic that the Naira would rebound in 2016 if the CBN continued to enforce its policies at the foreign exchange market.



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