The naira on Monday further depreciated
against the dollar at the parallel market.
The naira lost N1.50 to the dollar as it was
traded at N225.5 to the dollar at the parallel
market on Monday afternoon.
This is against the N224 to the dollar recorded
last Friday.
Meanwhile, the official interbank rate also
dropped by 0.05 to N196.95 to the dollar.
Traders at the parallel market attributed the
depreciation of the naira at the market to
insufficient quantity of dollar at the market
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