Naira down to N358.2/$ in parallel market
The Naira, yesterday, depreciated to N358.2 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 rose to N358.2 per dollar from N358 on Monday translating to 20 kobo depreciation of the naira. However, the naira, yesterday appreciated by N1.06 kobo in the Investors and Exporters (I&E) window. Data from FMDQ showed that the indicative exchange rate for the window dropped to N360.44 per dollar from N361.50 per dollar on Monday translating to N1.06 kobo appreciation of the naira. culled from vanguardngr.com