Tuesday 12 June 2018

Naira depreciates against dollar at parallel market

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The Naira, yesterday, depreciated by 50 kobo to N361.5 per dollar in the parallel market.

According to naijabdcs.com, the live exchange rate platform of the Association of Bureaux De Change Operators (ABCON), the parallel market exchange rate rose to N361.5 per dollar yesterday from N361 per dollar last week Friday, indicating 50 kobo depreciation for the Naira. 

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