By Modupe Gbadeyanka
The poor performance of the Nigerian Naira against major foreign currencies at the forex market continued on Thursday.
The local currency further depreciated at the black market yesterday, going down by N2 against both the Dollar and Pound Sterling.
However, it traded flat against the Euro at the same segment of the forex market on Thursday.
Business Post reports that the Naira was sold for N364 to a Dollar at the parallel market yesterday in contrast to N363 it went for the previous, while it was exchanged for N483 to the Pound against N482 it was traded on Wednesday.
As earlier stated, the local currency traded flat against the Euro at the black market on Thursday, closing at N426.
As at Friday morning, while filing this report, the Naira was another N2 against the Dollar and Pound Sterling.
It was being exchanged for N365 per Dollar and N484 to a Pound at the parallel market, but still trading at N426 to the Euro.
Adedapo Adesanya