Naira slips to N366 against Dollar at parallel market

Naira slips to N366 against Dollar at parallel market

- The Naira has slipped against Dollar at the parallel market

- Naira has dropped two points to close the day at N366/$1 from N364/$1

- The local currency stays unchanged against Euro

The Nigerian Naira on Wednesday, May 23, slipped against the American Dollar at the parallel market.

According to NAIJ.com findings, the local currency dropped two points to close the day at N366/$1 from the previous rate of N364/$1, but maintained same rate of N430 against Euro and appreciated to N495 against Pound.

Naira slips to N366 against Dollar at parallel market

Naira slips against Dollar

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In a previous report by NAIJ.com the Nigerian Naira on Tuesday, May 22, 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 N364/$1 from the previous rate of N363/$1, but maintained same rate of N498 and N430 against Pound Sterling, and Euro respectively.

Can 1 Naira ever become 1 US dollar again on the Forex market? - on NAIJ.com TV.

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Source: Naija.ng

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