Nigerian Naira Losses Value In The Parallel Market.

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According to reports by NTA news,The Nigerian Naira has on thursday marginally lost value against the dollar in the parallel market in lagos exchanging at N359.2 to the american dollar as against the previous value traded on wenesday at N359,while the pound sterling and Euro closed atN481 and N461.5 respectively.

However,at the bureau de change(BDC) window,the naira was sold at 360 to the dollar while the pound sterling and Euro closed at N481and N461.5 respectively.

Trading at investors window,saw the Naira close to at N362.25,while it closed at N305.70 at the CBN offical window.

Currency traders,attributed the marginal loss to low activities at the market,and the boost in liquidity at the foreign exchange market by the CBN.

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