Business Naira Depreciates to N490 Per Dollar at Parallel Market

L

LequteMan

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The Nigerian naira on Wednesday fell to N490 per dollar at the parallel market after appreciating to N485 after Christmas.

The Pound Sterling and the Euro at the end of the day closed at N590 and 502, respectively.

At the Bureau De Change (BDC) Window, Naira exchanged for N399 to a dollar, at the CBN controlled rate, while the Pound Sterling and the Euro closed at N602 and N510, respectively.

It traded at N305.25 to a dollar at the official interbank market.
 

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