The naira yesterday
depreciated by 50 kobo to N361.5 per dollar in the parallel market even as
volume of dollars traded in the Investors and Exporters (I&E) window rose
by 23 percent.
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 on
Wednesday, indicating 50 kobo depreciation for the Naira.
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