The naira has recorded a 2nd consecutive time of depreciation against the dollar astatine the authoritative overseas speech market.
Data from the Central Bank of Nigeria, CBN, showed that the naira weakened to N1,332.97 per dollar connected Tuesday from N1,332.10 connected Monday.
This means the naira mislaid N0.87 against the dollar connected a day-to-day basis.
Meanwhile, astatine the parallel market, the naira remained unchanged astatine N1,375 per dollar connected Tuesday, the aforesaid complaint recorded the erstwhile day.
The mixed movements crossed the overseas speech markets came arsenic the country’s outer reserves roseate further to $58.81 billion, according to CBN data.
DAILY POST reports that the naira besides depreciated against the dollar astatine the authoritative overseas speech marketplace connected Monday.









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