Naira depreciation continues

30 Sep Naira depreciation continues

The naira lost about 70 kobo to the dollar during yesterday’s trading at the investors’ and exporters’ (I & E) foreign exchange window. The market opened at N414.05 but closed at N414.73/$.

At the parallel market, the naira was still pegged at about N570/$. Dealers said the pressure had reduced slightly but were worried that supply was yet to improve.