Parallel Market: Naira Goes For N395 Per Dollar

Fashion home! According to The Sun, There was slight improvement in the value of the Naira Friday at the parallel market as it was sold for N395 to the US Dollar just  as two banks kick started the sale of foreign exchange to the Bureax de Change operators.
Photo Credit: The Sun Online

This translated to N5 gain to the local currency which had slumped to N400/$ at the black market on Thursday.

However, at the inter-bank market, the Naira depreciated further to N318.91 , down from the N315.06  to the dollar from the previous day.


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