Naira Tumbles to N423/$ At Parallel Market

The Naira, on Thursday, September 15, at the parallel market exchanged for N423 to one Dollar from N422 it exchanged for on Wednesday, September 14.

The local currency also exchanged for N555 to one Pounds Sterling against N545 yesterday, while the Euro was exchanged for N465 stronger than N467 it was sold for previously.

 

At the interbank market, the Nigerian currency slid by 0.20% to the Dollar today to close at N306.93 compared to an increase of 1.39% recorded on Wednesday when it traded at N306.33 at the interbank or spot FX market.

Meanwhile, at the Central Bank of Nigeria, CBN, N305 was exchanged for one US dollar compared to N305.5 it was exchanged for previously, one Pounds Sterling was exchanged for N402.8 and one Euro traded at N343.2.