The Cable NG
Nigerian naira, on Friday, fell at the parallel market to N658 per dollar amid higher dollar demand.
The figure represents a depreciation of N38 or 6.13 percent from the N620 it traded last week.
Bureaux De Change operators (BDCs) who spoke to TheCable blamed the depreciation on ongoing foreign exchange (FX) supply constraints.
Traders put the buying price of the dollar at N640 and the selling price at N658, leaving a profit margin of N18…
Connect with us on our socials: