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Naira Slides Against Dollar At Parallel Market after Impressive Rally

The Naira closed the week in an abysmal performance against the dollar at the parallel market closing at N320 on Friday, February 26.

The Naira lost N10 to a dollar from N310 exchanged on Thursday.

At the official market, the Nigerian currency closed at N197 to the dollar.

However, the Naira to the Pounds in the same market traded at N435 as against the N450 traded a day before.

The Naira gained N15 to the Pounds.

It also leaped by N10 against the Euro, exchanging at N360 from the N370 sold on Thursday.

Traders in the parallel market were optimistic that the Naira would gain further by next week. (NAN)

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