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The extended three-day depreciation streak against the dollar astatine the authoritative overseas speech marketplace connected Thursday.
The Central Bank of Nigeria’s information showed that the Naira weakened somewhat to N1,380.11 per dollar connected Thursday, down from N1,380.07 exchanged connected Wednesday.
This means that connected a day-to-day basis, the Naira marginally declined by N0.03 against the dollar.
Meanwhile, astatine the achromatic market, the Nigerian currency remained level astatine N1,400 per dollar connected Thursday, the aforesaid complaint recorded connected Wednesday.
The improvement comes arsenic the country’s overseas reserves accrued by a further $51.21 cardinal connected Thursday.
Despite this, DAILY POST reports that the Naira depreciated connected Tuesday, Wednesday, and Thursday against the dollar astatine the authoritative overseas exchange.
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