- The Naira has depreciated against Dollar but stayed unchanged against Pound at parallel market
- Trading at the parallel market saw the Naira close at N362/$1 on Monday, June 11
- The Pound Sterling and the Euro closed at N490 and N424 respectively
The Nigerian Naira on Monday, June 11, slipped against the American Dollar at the parallel market.
According to NAIJ.com findings, the local currency dropped one point to close the day at N362/$1 from the previous rate of N361/$1, but maintained same rate of N490 against Pound Sterling.
However, the currency slipped to N430 against Euro.
Naira slips against Dollar
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In a previous report by NAIJ.com, the Nigerian Naira on Wednesday, June 6, appreciated at the parallel exchange market sector for the second time this week.
According to NAIJ.com findings, it was gathered that the local currency gained one point against the greenback to close the day at N361/$1.
Also, the local currency maintained the N422 per Euro rate and appreciated to N486 per Pound.
Can 1 Naira ever become 1 US dollar again on the Forex market? - on NAIJ.com TV.
Source: Naija.ng