Nigeria Naira depreciated against three international currencies at the parallel market at the close of trading on Friday.
At the close of trading on Friday in Lagos the Naira depreciated by N1 or 0.45 per cent against the dollar due to high demand selling for N221 a dollar as against the N220 it sold on Monday, June 15.
The Naira also lost N27 to sell at N352 to the pound, representing 8.31 per cent depreciation from the N325 it traded on June 15. The Naira against the euro went for N245 compared with the N238 it sold on June 15, representing N7 or 2.97 per cent drop. The Naira against the dollar at Central Bank of Nigeria (CBN) official rate remained at N196.90, the rate since June 11. But it fell by N7.96 or 2.61 per cent to the pound, selling for N313.31 from the N305.31 it sold on June 15. The currency also depreciated against the euro to sell for N224.58 compared with the N220.74 it traded on Monday.
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