Naira slumps against dollar

The Naira has weakened marginally against the dollar at the parallel market.

The currency exchanged at N358.3, weaker than N358 traded on Friday, while the Pound Sterling and the Euro closed at N480 and N420.

At the Bureau De Change (BDC) window, on Monday the naira was sold at N360 to the dollar, while the Pound Sterling and the Euro closed at N480 and N420.