The Nigerian Naira, on Wednesday, June 28, slumped at the Parallel segment of the Nigerian foreign exchange market, just as activities resumed after the two day Ramadan holiday.
The local currency depreciated by 0.57% to exchange at the rate of N370 against the greenback at the black market, even as the the Central Bank of Nigeria, CBN, sold $100 million at a special foreign exchange auction.
Against the British Pound Sterling, the Naira also maintained the rate of N465 and retained rate of N410 against the Euro.
Before the two day holiday, the naira, at the parallel market had traded at the rate of 368 per dollar, meanwhile it closed at 305.85 to the dollar on the interbank window on Friday.
