Currency depreciates against dollar
At the Bureau De Change (BDC) window, it exchanged at N344.5 to the dollar and N430 to the Pound Sterling.
A trader changes dollars with naira at a currency exchange store in Lagos, Nigeria in this February 12, 2015 file photo.
The News Agency of Nigeria (NAN) recalls that the currency traded at N345 to the dollar on Friday
The naira also traded at N370 to the Euro and N460 to a Pound Sterling at the transactions.
At the interbank segment of the market, the naira closed on a positive note of N281.49 to the dollar.
ADVERTISEMENT
Traders at the market said that they were yet to feel the impact of the floating exchange rate policy of the Central Bank of Nigeria (CBN).
They also remarked that the Brexit was still affecting the value of the Pounds at the parallel market.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
How we reduced road traffic crashes by 42% – FRSC boss
Motorists express worry as long fuel queues resurface in FCT
Reno's $10,000 Challenge: I didn't build any school in Anambra, Obi opens up
Bullied student threatens Abuja school with lawsuit if abusers are not punished
EFCC withdraws appeal against Yahaya Bello
Gov Zulum wants Army to establish military base in Sambisa forest
2 Wike loyalists exit Fubara's cabinet as Governor reshuffles
Ganduje believes APC is the answer to Nigeria’s problems
Spate of deaths strikes Nigerian movie industry, Nigerians calls for action
ADVERTISEMENT