Increasing demand for
the dollar at the parallel market on Thursday resulted in the rise of the
greenback currency to N390 from N370 on Wednesday in Abuja.
The
News Agency of Nigeria (NAN) reports that the Naira also depreciated against
the Euro, exchanging at N400, from N390 on Wednesday.
The Naira, however,
appreciated against the Pound Sterling, trading at N465 from N470 on Wednesday.
A
Bureau de Change (BDC) operator, who preferred anonymity, attributed the rise
in the dollar exchange rate to the present high demand for the currency.
No comments:
Post a Comment