The naira depreciated against the United States dollars closing at N1,600/$ on Thursday at the parallel segment of the foreign exchange market. This rate is about N97 or 6.45 per cent higher than the N1,503/$ at the beginning of the week. The naira however appreciated slightly at the Nigerian Autonomous Foreign Exchange Market trading at the rate of N1,498.25/$ from N1,503.38/$ recorded the previous day. This came as the Central Bank of Nigeria on Thursday rolled out series of circulars to tackle foreign exchange racketeers and financial services operators engaged…
Read MoreNAIRA DEPRECIATES FURTHER, TRADES FOR N1600/$ AT PARALLEL MARKET
