Data from the Central Bank of Nigeria, CBN, confirmed that the Naira weakened additional on Monday, falling to N1,367.61 per greenback from N1,361.84 recorded on the shut of buying and selling final Friday.
This signifies that the Naira depreciated by N5.77 per greenback on the official international exchange market in contrast with the N1,361.84 recorded on the shut of buying and selling final week.
Similarly, on the parallel market, the Naira weakened by N10 to N1,385 per greenback from N1,375 recorded final week.
The depreciation throughout the international exchange markets got here regardless of an increase within the nation’s exterior reserves to $55.18 billion on Friday.
DAILY POST experiences that the Naira recorded a pointy decline against the greenback from Thursday to Friday final week, shedding N22.12 per greenback.
