Friday, 23 September 2016

Naira Crashed Further Against Major Currencies

The Naira crashed further against the major currencies in all the segments of the market on Thursday.

At the interbank market, the naira fell by 2.99 points to close at N313.07 from N310. 08 recorded on Wednesday.

At the Bureau De Change segment of the market, the naira traded at N424, N549 and N468 to the dollar, Pound Sterling and the Euro respectively.

Trading at the Parallel market showed that the naira lost 8 points to close at N436, from N428 posted on Wednesday, while it traded at N555 and N472 against the Pound Sterling and the Euro, respectively.

Traders at the market said that the scarcity of the greenback was still hunting the market.