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BUSINESS & ECONOMYCOVERNEWSLETTER

Naira Drops Slightly to N345/Dollar At Close of Trading in Parallel Market

Naira unaffected by Trump’s victory
The naira, on Friday, May 20, dipped slightly against the dollar at the close of trading at the parallel market.
The News Agency of Nigeria (NAN), reports that the nation’s currency Shed about N3 to exchange between N342 and N345, from N341 it traded on Wednesday.

The Naira also exchanged between N480 and N490; and N380 and N385 against the pound sterling and the euro respectively.

Meanwhile, the official rate at the Central Bank of Nigeria (CBN), remained at N197 to a dollar.

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