By Modupe Gbadeyanka
The Nigerian currency started the week yesterday on a very negative note at the parallel (black) market segment of the foreign exchange market.
At the market segment on Monday, the Naira lost N6 against both the British Pound Sterling and the Euro.
Business Post reports that the local currency depreciated by N5 against the Pound, trading at N510 yesterday compared with N505 it went for last Friday.
Also, the Naira went down marginally by N1 yesterday as the local currency was exchanged at N446 to the Euro against N445 it traded on Friday.
However, the local currency remained unchanged against the United States Dollar, trading at N364 at the black market yesterday.
A look at the CBN rates showed that the Naira was traded at N305.70 to a Dollar against N305.65 last Friday, N430.12 per Pound compared with N435.77 and N379.04 to the Euro in contrast to N379.16.
Adedapo Adesanya